This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $61,362 initial cash invested.
-13.24%
Cash On Cash
4.28%
Cap Rate
0.64
DSCR
$1,706
Rent
-$677
Cashflow
Cash Flow
$1,706 income − $2,383 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,706
Total Expenses
$2,383
Mortgage P&I
96%
$1,633
Property Taxes
12%
$202
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0