This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $61,446 initial cash invested.
-9.12%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$2,104
Rent
-$467
Cashflow
Cash Flow
$2,104 income − $2,571 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,446
Downpayment
20%
$58,520
Closing costs
1%
$2,926
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,104
Total Expenses
$2,571
Mortgage P&I
77%
$1,628
Property Taxes
14%
$292
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0