This property looks like a bad Long-Term investment with a projected -6.69% first-year return on $61,362 initial cash invested.
-6.69%
Cash On Cash
5.47%
Cap Rate
0.85
DSCR
$2,124
Rent
-$342
Cashflow
Cash Flow
$2,124 income − $2,466 expenses = $342 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,362
Downpayment
20%
$58,440
Closing costs
1%
$2,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,124
Total Expenses
$2,466
Mortgage P&I
74%
$1,568
Property Taxes
11%
$244
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0