This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $61,194 initial cash invested.
-9.22%
Cash On Cash
4.99%
Cap Rate
0.77
DSCR
$2,010
Rent
-$470
Cashflow
Cash Flow
$2,010 income − $2,480 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,194
Downpayment
20%
$58,280
Closing costs
1%
$2,914
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$2,480
Mortgage P&I
79%
$1,582
Property Taxes
13%
$264
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0