This property looks like a bad Long-Term investment with a projected -8.43% first-year return on $61,950 initial cash invested.
-8.43%
Cash On Cash
4.73%
Cap Rate
0.77
DSCR
$1,810
Rent
-$435
Cashflow
Cash Flow
$1,810 income − $2,245 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,810
Total Expenses
$2,245
Mortgage P&I
83%
$1,507
Property Taxes
9%
$165
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0