This property looks like a bad Long-Term investment with a projected -10.03% first-year return on $61,047 initial cash invested.
-10.03%
Cash On Cash
5.08%
Cap Rate
0.76
DSCR
$2,273
Rent
-$510
Cashflow
Cash Flow
$2,273 income − $2,783 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,047
Downpayment
20%
$58,140
Closing costs
1%
$2,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,273
Total Expenses
$2,783
Mortgage P&I
72%
$1,626
Property Taxes
20%
$463
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0