This property looks like a bad Long-Term investment with a projected -10.35% first-year return on $61,551 initial cash invested.
-10.35%
Cash On Cash
4.64%
Cap Rate
0.73
DSCR
$2,218
Rent
-$531
Cashflow
Cash Flow
$2,218 income − $2,749 expenses = $531 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,551
Downpayment
20%
$58,620
Closing costs
1%
$2,931
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,218
Total Expenses
$2,749
Mortgage P&I
70%
$1,553
Property Taxes
23%
$514
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0