This property looks like a bad Long-Term investment with a projected -22.45% first-year return on $61,047 initial cash invested.
-22.45%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$1,137
Rent
-$1,142
Cashflow
Cash Flow
$1,137 income − $2,279 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,047
Downpayment
20%
$58,140
Closing costs
1%
$2,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,137
Total Expenses
$2,279
Mortgage P&I
141%
$1,602
Property Taxes
24%
$276
Home Insurance
9%
$105
HOA
0%
$0
Property Management
10%
$114
CapEx
5%
$57
Vacancy
6%
$68
Maintenance
5%
$57
Other
0%
$0