This property looks like a bad Long-Term investment with a projected -7.29% first-year return on $61,593 initial cash invested.
-7.29%
Cash On Cash
5.04%
Cap Rate
0.82
DSCR
$1,945
Rent
-$374
Cashflow
Cash Flow
$1,945 income − $2,319 expenses = $374 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,593
Downpayment
20%
$58,660
Closing costs
1%
$2,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,945
Total Expenses
$2,319
Mortgage P&I
78%
$1,510
Property Taxes
10%
$200
Home Insurance
5%
$104
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0