This property looks like a bad Long-Term investment with a projected -13.21% first-year return on $61,236 initial cash invested.
-13.21%
Cash On Cash
4.09%
Cap Rate
0.64
DSCR
$2,286
Rent
-$674
Cashflow
Cash Flow
$2,286 income − $2,960 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,236
Downpayment
20%
$58,320
Closing costs
1%
$2,916
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,286
Total Expenses
$2,960
Mortgage P&I
68%
$1,554
Property Taxes
19%
$445
Home Insurance
4%
$102
HOA
12%
$265
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0