This property looks like a bad Long-Term investment with a projected -22.54% first-year return on $61,803 initial cash invested.
-22.54%
Cash On Cash
2.27%
Cap Rate
0.34
DSCR
$1,417
Rent
-$1,161
Cashflow
Cash Flow
$1,417 income − $2,578 expenses = $1,161 out of pocket
Investment Breakdown
|
Purchase Price
$294k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,803
Downpayment
20%
$58,860
Closing costs
1%
$2,943
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,417
Total Expenses
$2,578
Mortgage P&I
116%
$1,646
Property Taxes
32%
$458
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0