This property looks like a bad Long-Term investment with a projected -12.79% first-year return on $61,551 initial cash invested.
-12.79%
Cash On Cash
4.22%
Cap Rate
0.65
DSCR
$1,797
Rent
-$656
Cashflow
Cash Flow
$1,797 income − $2,453 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,551
Downpayment
20%
$58,620
Closing costs
1%
$2,931
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,797
Total Expenses
$2,453
Mortgage P&I
89%
$1,596
Property Taxes
15%
$267
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0