This property looks like a bad Long-Term investment with a projected -9.16% first-year return on $61,677 initial cash invested.
-9.16%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$1,974
Rent
-$471
Cashflow
Cash Flow
$1,974 income − $2,445 expenses = $471 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,677
Downpayment
20%
$58,740
Closing costs
1%
$2,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,974
Total Expenses
$2,445
Mortgage P&I
80%
$1,570
Property Taxes
11%
$224
Home Insurance
5%
$105
HOA
2%
$33
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0