This property looks like a bad Long-Term investment with a projected -7.49% first-year return on $61,698 initial cash invested.
-7.49%
Cash On Cash
5.37%
Cap Rate
0.83
DSCR
$2,193
Rent
-$385
Cashflow
Cash Flow
$2,193 income − $2,578 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,698
Downpayment
20%
$58,760
Closing costs
1%
$2,938
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,193
Total Expenses
$2,578
Mortgage P&I
72%
$1,589
Property Taxes
14%
$316
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0