This property looks like a bad Long-Term investment with a projected -5.58% first-year return on $61,740 initial cash invested.
-5.58%
Cash On Cash
5.4%
Cap Rate
0.88
DSCR
$2,218
Rent
-$287
Cashflow
Cash Flow
$2,218 income − $2,505 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,740
Downpayment
20%
$58,800
Closing costs
1%
$2,940
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,218
Total Expenses
$2,505
Mortgage P&I
68%
$1,498
Property Taxes
15%
$325
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0