This property looks like a bad Long-Term investment with a projected -11.68% first-year return on $61,425 initial cash invested.
-11.68%
Cash On Cash
4.53%
Cap Rate
0.7
DSCR
$2,334
Rent
-$598
Cashflow
Cash Flow
$2,334 income − $2,932 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,425
Downpayment
20%
$58,500
Closing costs
1%
$2,925
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,334
Total Expenses
$2,932
Mortgage P&I
68%
$1,585
Property Taxes
28%
$647
Home Insurance
4%
$93
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0