This property looks like a bad Long-Term investment with a projected -10.89% first-year return on $61,614 initial cash invested.
-10.89%
Cash On Cash
4.69%
Cap Rate
0.71
DSCR
$1,963
Rent
-$559
Cashflow
Cash Flow
$1,963 income − $2,522 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,614
Downpayment
20%
$58,680
Closing costs
1%
$2,934
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,963
Total Expenses
$2,522
Mortgage P&I
82%
$1,607
Property Taxes
15%
$297
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0