This property looks like a bad Long-Term investment with a projected -12.24% first-year return on $61,257 initial cash invested.
-12.24%
Cash On Cash
4.38%
Cap Rate
0.67
DSCR
$1,817
Rent
-$625
Cashflow
Cash Flow
$1,817 income − $2,442 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,257
Downpayment
20%
$58,340
Closing costs
1%
$2,917
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,817
Total Expenses
$2,442
Mortgage P&I
88%
$1,598
Property Taxes
13%
$244
Home Insurance
6%
$105
HOA
1%
$22
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0