This property looks like a bad Long-Term investment with a projected -6.98% first-year return on $61,026 initial cash invested.
-6.98%
Cash On Cash
5.6%
Cap Rate
0.85
DSCR
$2,383
Rent
-$355
Cashflow
Cash Flow
$2,383 income − $2,738 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,026
Downpayment
20%
$58,120
Closing costs
1%
$2,906
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,383
Total Expenses
$2,738
Mortgage P&I
67%
$1,593
Property Taxes
18%
$421
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0