This property looks like a bad Long-Term investment with a projected -9.46% first-year return on $61,656 initial cash invested.
-9.46%
Cash On Cash
4.93%
Cap Rate
0.75
DSCR
$1,777
Rent
-$486
Cashflow
Cash Flow
$1,777 income − $2,263 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,656
Downpayment
20%
$58,720
Closing costs
1%
$2,936
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,777
Total Expenses
$2,263
Mortgage P&I
90%
$1,602
Property Taxes
5%
$95
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0