This property looks like a bad Long-Term investment with a projected -13.21% first-year return on $61,425 initial cash invested.
-13.21%
Cash On Cash
4.17%
Cap Rate
0.65
DSCR
$2,384
Rent
-$676
Cashflow
Cash Flow
$2,384 income − $3,060 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,384
Total Expenses
$3,060
Mortgage P&I
66%
$1,574
Property Taxes
31%
$745
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0