This property looks like a bad Long-Term investment with a projected -10.73% first-year return on $61,404 initial cash invested.
-10.73%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$2,011
Rent
-$549
Cashflow
Cash Flow
$2,011 income − $2,560 expenses = $549 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,404
Downpayment
20%
$58,480
Closing costs
1%
$2,924
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,011
Total Expenses
$2,560
Mortgage P&I
80%
$1,605
Property Taxes
16%
$326
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0