This property looks like a bad Long-Term investment with a projected -11.05% first-year return on $61,572 initial cash invested.
-11.05%
Cash On Cash
4.3%
Cap Rate
0.69
DSCR
$1,675
Rent
-$567
Cashflow
Cash Flow
$1,675 income − $2,242 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,572
Downpayment
20%
$58,640
Closing costs
1%
$2,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,675
Total Expenses
$2,242
Mortgage P&I
92%
$1,534
Property Taxes
10%
$167
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0