This property looks like a bad Long-Term investment with a projected -8.01% first-year return on $61,551 initial cash invested.
-8.01%
Cash On Cash
5.27%
Cap Rate
0.81
DSCR
$1,998
Rent
-$411
Cashflow
Cash Flow
$1,998 income − $2,409 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,551
Downpayment
20%
$58,620
Closing costs
1%
$2,931
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,998
Total Expenses
$2,409
Mortgage P&I
80%
$1,599
Property Taxes
9%
$189
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0