This property looks like a bad Long-Term investment with a projected -1.98% first-year return on $61,677 initial cash invested.
-1.98%
Cash On Cash
6.83%
Cap Rate
1.02
DSCR
$2,715
Rent
-$102
Cashflow
Cash Flow
$2,715 income − $2,817 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,677
Downpayment
20%
$58,740
Closing costs
1%
$2,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,715
Total Expenses
$2,817
Mortgage P&I
60%
$1,637
Property Taxes
14%
$379
Home Insurance
3%
$94
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0