This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $61,530 initial cash invested.
-8.15%
Cash On Cash
5.3%
Cap Rate
0.81
DSCR
$2,351
Rent
-$418
Cashflow
Cash Flow
$2,351 income − $2,769 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,530
Downpayment
20%
$58,600
Closing costs
1%
$2,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,351
Total Expenses
$2,769
Mortgage P&I
68%
$1,595
Property Taxes
20%
$469
Home Insurance
4%
$93
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0