This property looks like a bad Long-Term investment with a projected -2.21% first-year return on $61,992 initial cash invested.
-2.21%
Cash On Cash
6.33%
Cap Rate
1.02
DSCR
$2,921
Rent
-$114
Cashflow
Cash Flow
$2,921 income − $3,035 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,992
Downpayment
20%
$59,040
Closing costs
1%
$2,952
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,921
Total Expenses
$3,035
Mortgage P&I
52%
$1,525
Property Taxes
22%
$646
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0