This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $61,572 initial cash invested.
-12.18%
Cash On Cash
4.34%
Cap Rate
0.66
DSCR
$1,652
Rent
-$625
Cashflow
Cash Flow
$1,652 income − $2,277 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,572
Downpayment
20%
$58,640
Closing costs
1%
$2,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,652
Total Expenses
$2,277
Mortgage P&I
97%
$1,602
Property Taxes
9%
$141
Home Insurance
6%
$104
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0