This property looks like a bad Long-Term investment with a projected -10.66% first-year return on $61,908 initial cash invested.
-10.66%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$1,815
Rent
-$550
Cashflow
Cash Flow
$1,815 income − $2,365 expenses = $550 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,908
Downpayment
20%
$58,960
Closing costs
1%
$2,948
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,815
Total Expenses
$2,365
Mortgage P&I
87%
$1,580
Property Taxes
11%
$207
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0