This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $61,404 initial cash invested.
-12.7%
Cash On Cash
4.33%
Cap Rate
0.65
DSCR
$1,706
Rent
-$650
Cashflow
Cash Flow
$1,706 income − $2,356 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,706
Total Expenses
$2,356
Mortgage P&I
95%
$1,619
Property Taxes
11%
$189
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0