This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $61,803 initial cash invested.
-12.7%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$1,635
Rent
-$654
Cashflow
Cash Flow
$1,635 income − $2,289 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,803
Downpayment
20%
$58,860
Closing costs
1%
$2,943
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,635
Total Expenses
$2,289
Mortgage P&I
99%
$1,622
Property Taxes
8%
$138
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0