This property looks like a bad Long-Term investment with a projected -8.46% first-year return on $61,593 initial cash invested.
-8.46%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$2,121
Rent
-$434
Cashflow
Cash Flow
$2,121 income − $2,555 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$2,555
Mortgage P&I
75%
$1,597
Property Taxes
14%
$302
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0