This property looks like a bad Long-Term investment with a projected -11.22% first-year return on $61,047 initial cash invested.
-11.22%
Cash On Cash
4.19%
Cap Rate
0.68
DSCR
$2,013
Rent
-$571
Cashflow
Cash Flow
$2,013 income − $2,584 expenses = $571 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,047
Downpayment
20%
$58,140
Closing costs
1%
$2,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,013
Total Expenses
$2,584
Mortgage P&I
74%
$1,485
Property Taxes
23%
$470
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0