This property looks like a bad Long-Term investment with a projected -8.59% first-year return on $61,467 initial cash invested.
-8.59%
Cash On Cash
5.06%
Cap Rate
0.79
DSCR
$2,251
Rent
-$440
Cashflow
Cash Flow
$2,251 income − $2,691 expenses = $440 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,251
Total Expenses
$2,691
Mortgage P&I
69%
$1,562
Property Taxes
19%
$438
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0