This property looks like a bad Long-Term investment with a projected -14.59% first-year return on $61,950 initial cash invested.
-14.59%
Cash On Cash
3.97%
Cap Rate
0.6
DSCR
$1,957
Rent
-$753
Cashflow
Cash Flow
$1,957 income − $2,710 expenses = $753 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
$1,957
Total Expenses
$2,710
Mortgage P&I
83%
$1,630
Property Taxes
21%
$416
Home Insurance
5%
$105
HOA
3%
$50
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0