This property looks like a bad Long-Term investment with a projected -6.38% first-year return on $61,173 initial cash invested.
-6.38%
Cash On Cash
5.5%
Cap Rate
0.85
DSCR
$1,904
Rent
-$325
Cashflow
Cash Flow
$1,904 income − $2,229 expenses = $325 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,173
Downpayment
20%
$58,260
Closing costs
1%
$2,913
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,904
Total Expenses
$2,229
Mortgage P&I
82%
$1,566
Property Taxes
3%
$61
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0