This property looks like a bad Long-Term investment with a projected -4.66% first-year return on $61,740 initial cash invested.
-4.66%
Cash On Cash
5.82%
Cap Rate
0.91
DSCR
$2,132
Rent
-$240
Cashflow
Cash Flow
$2,132 income − $2,372 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,740
Downpayment
20%
$58,800
Closing costs
1%
$2,940
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,132
Total Expenses
$2,372
Mortgage P&I
73%
$1,560
Property Taxes
7%
$154
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0