This property looks like a bad Long-Term investment with a projected -14.64% first-year return on $61,824 initial cash invested.
-14.64%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$1,809
Rent
-$754
Cashflow
Cash Flow
$1,809 income − $2,563 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,824
Downpayment
20%
$58,880
Closing costs
1%
$2,944
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,809
Total Expenses
$2,563
Mortgage P&I
91%
$1,651
Property Taxes
19%
$337
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0