This property looks like a bad Long-Term investment with a projected -11.25% first-year return on $61,215 initial cash invested.
-11.25%
Cash On Cash
4.23%
Cap Rate
0.68
DSCR
$1,717
Rent
-$574
Cashflow
Cash Flow
$1,717 income − $2,291 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,215
Downpayment
20%
$58,300
Closing costs
1%
$2,915
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,717
Total Expenses
$2,291
Mortgage P&I
88%
$1,516
Property Taxes
13%
$221
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0