This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $62,034 initial cash invested.
-12.13%
Cash On Cash
4.56%
Cap Rate
0.68
DSCR
$1,795
Rent
-$627
Cashflow
Cash Flow
$1,795 income − $2,422 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,034
Downpayment
20%
$59,080
Closing costs
1%
$2,954
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,795
Total Expenses
$2,422
Mortgage P&I
92%
$1,659
Property Taxes
10%
$172
Home Insurance
6%
$105
HOA
1%
$18
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0