This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $61,362 initial cash invested.
-11.91%
Cash On Cash
4.12%
Cap Rate
0.66
DSCR
$1,936
Rent
-$609
Cashflow
Cash Flow
$1,936 income − $2,545 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,362
Downpayment
20%
$58,440
Closing costs
1%
$2,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,936
Total Expenses
$2,545
Mortgage P&I
78%
$1,516
Property Taxes
22%
$420
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0