This property looks like a bad Long-Term investment with a projected -16.48% first-year return on $61,950 initial cash invested.
-16.48%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$1,928
Rent
-$851
Cashflow
Cash Flow
$1,928 income − $2,779 expenses = $851 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,928
Total Expenses
$2,779
Mortgage P&I
85%
$1,635
Property Taxes
24%
$470
Home Insurance
5%
$103
HOA
4%
$70
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0