This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $61,740 initial cash invested.
-11.14%
Cash On Cash
4.4%
Cap Rate
0.69
DSCR
$1,591
Rent
-$573
Cashflow
Cash Flow
$1,591 income − $2,164 expenses = $573 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
$1,591
Total Expenses
$2,164
Mortgage P&I
99%
$1,570
Property Taxes
5%
$77
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0