This property looks like a bad Long-Term investment with a projected -11.03% first-year return on $61,467 initial cash invested.
-11.03%
Cash On Cash
4.21%
Cap Rate
0.68
DSCR
$1,648
Rent
-$565
Cashflow
Cash Flow
$1,648 income − $2,213 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,467
Downpayment
20%
$58,540
Closing costs
1%
$2,927
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,648
Total Expenses
$2,213
Mortgage P&I
92%
$1,509
Property Taxes
10%
$171
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0