This property looks like a bad Long-Term investment with a projected -9.69% first-year return on $61,173 initial cash invested.
-9.69%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$1,827
Rent
-$494
Cashflow
Cash Flow
$1,827 income − $2,321 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$291k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,173
Downpayment
20%
$58,260
Closing costs
1%
$2,913
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,827
Total Expenses
$2,321
Mortgage P&I
87%
$1,595
Property Taxes
8%
$146
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0