This property looks like a bad Long-Term investment with a projected -7.79% first-year return on $61,425 initial cash invested.
-7.79%
Cash On Cash
5.25%
Cap Rate
0.81
DSCR
$1,999
Rent
-$399
Cashflow
Cash Flow
$1,999 income − $2,398 expenses = $399 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,425
Downpayment
20%
$58,500
Closing costs
1%
$2,925
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$2,398
Mortgage P&I
79%
$1,578
Property Taxes
10%
$195
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0