This property looks like a bad Long-Term investment with a projected -11.27% first-year return on $61,950 initial cash invested.
-11.27%
Cash On Cash
4.23%
Cap Rate
0.68
DSCR
$1,771
Rent
-$582
Cashflow
Cash Flow
$1,771 income − $2,353 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,771
Total Expenses
$2,353
Mortgage P&I
87%
$1,534
Property Taxes
14%
$255
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0