This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $61,614 initial cash invested.
-13.96%
Cash On Cash
4.2%
Cap Rate
0.63
DSCR
$2,064
Rent
-$717
Cashflow
Cash Flow
$2,064 income − $2,781 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,064
Total Expenses
$2,781
Mortgage P&I
80%
$1,641
Property Taxes
24%
$499
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0