This property looks like a bad Long-Term investment with a projected -12.72% first-year return on $61,593 initial cash invested.
-12.72%
Cash On Cash
4.17%
Cap Rate
0.64
DSCR
$1,741
Rent
-$653
Cashflow
Cash Flow
$1,741 income − $2,394 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,741
Total Expenses
$2,394
Mortgage P&I
91%
$1,584
Property Taxes
15%
$259
Home Insurance
6%
$99
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0