This property looks like a bad Long-Term investment with a projected -12.16% first-year return on $61,404 initial cash invested.
-12.16%
Cash On Cash
4.22%
Cap Rate
0.66
DSCR
$1,935
Rent
-$622
Cashflow
Cash Flow
$1,935 income − $2,557 expenses = $622 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,404
Downpayment
20%
$58,480
Closing costs
1%
$2,924
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,935
Total Expenses
$2,557
Mortgage P&I
80%
$1,553
Property Taxes
21%
$400
Home Insurance
5%
$100
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0