This property looks like a bad Long-Term investment with a projected -11.7% first-year return on $61,530 initial cash invested.
-11.7%
Cash On Cash
4.62%
Cap Rate
0.69
DSCR
$1,994
Rent
-$600
Cashflow
Cash Flow
$1,994 income − $2,594 expenses = $600 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,530
Downpayment
20%
$58,600
Closing costs
1%
$2,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,994
Total Expenses
$2,594
Mortgage P&I
82%
$1,629
Property Taxes
14%
$272
Home Insurance
6%
$116
HOA
3%
$58
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0