This property looks like a bad Long-Term investment with a projected -6.74% first-year return on $61,593 initial cash invested.
-6.74%
Cash On Cash
5.83%
Cap Rate
0.87
DSCR
$2,637
Rent
-$346
Cashflow
Cash Flow
$2,637 income − $2,983 expenses = $346 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,637
Total Expenses
$2,983
Mortgage P&I
62%
$1,640
Property Taxes
21%
$554
Home Insurance
4%
$103
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0