This property looks like a bad Long-Term investment with a projected -6.43% first-year return on $61,194 initial cash invested.
-6.43%
Cash On Cash
5.5%
Cap Rate
0.86
DSCR
$2,229
Rent
-$328
Cashflow
Cash Flow
$2,229 income − $2,557 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,194
Downpayment
20%
$58,280
Closing costs
1%
$2,914
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,229
Total Expenses
$2,557
Mortgage P&I
70%
$1,553
Property Taxes
14%
$308
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0