This property looks like a bad Long-Term investment with a projected -5.09% first-year return on $61,782 initial cash invested.
-5.09%
Cash On Cash
5.76%
Cap Rate
0.9
DSCR
$2,155
Rent
-$262
Cashflow
Cash Flow
$2,155 income − $2,417 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,782
Downpayment
20%
$58,840
Closing costs
1%
$2,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,155
Total Expenses
$2,417
Mortgage P&I
73%
$1,566
Property Taxes
9%
$188
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0