This property looks like a bad Long-Term investment with a projected -13.79% first-year return on $61,278 initial cash invested.
-13.79%
Cash On Cash
4.26%
Cap Rate
0.63
DSCR
$1,753
Rent
-$704
Cashflow
Cash Flow
$1,753 income − $2,457 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,278
Downpayment
20%
$58,360
Closing costs
1%
$2,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,753
Total Expenses
$2,457
Mortgage P&I
94%
$1,652
Property Taxes
15%
$270
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0