This property looks like a bad Long-Term investment with a projected -11.31% first-year return on $61,446 initial cash invested.
-11.31%
Cash On Cash
4.6%
Cap Rate
0.7
DSCR
$1,963
Rent
-$579
Cashflow
Cash Flow
$1,963 income − $2,542 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,446
Downpayment
20%
$58,520
Closing costs
1%
$2,926
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,963
Total Expenses
$2,542
Mortgage P&I
82%
$1,603
Property Taxes
17%
$324
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0