This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $61,278 initial cash invested.
-13.43%
Cash On Cash
3.88%
Cap Rate
0.61
DSCR
$1,657
Rent
-$686
Cashflow
Cash Flow
$1,657 income − $2,343 expenses = $686 out of pocket
Investment Breakdown
|
Purchase Price
$292k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,278
Downpayment
20%
$58,360
Closing costs
1%
$2,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,657
Total Expenses
$2,343
Mortgage P&I
93%
$1,547
Property Taxes
16%
$262
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0