This property looks like a bad Long-Term investment with a projected -9.64% first-year return on $61,089 initial cash invested.
-9.64%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$1,947
Rent
-$491
Cashflow
Cash Flow
$1,947 income − $2,438 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,089
Downpayment
20%
$58,180
Closing costs
1%
$2,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,947
Total Expenses
$2,438
Mortgage P&I
81%
$1,584
Property Taxes
13%
$245
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0