This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $61,509 initial cash invested.
-8.62%
Cash On Cash
4.85%
Cap Rate
0.78
DSCR
$2,086
Rent
-$442
Cashflow
Cash Flow
$2,086 income − $2,528 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,509
Downpayment
20%
$58,580
Closing costs
1%
$2,929
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,086
Total Expenses
$2,528
Mortgage P&I
73%
$1,521
Property Taxes
17%
$360
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0