This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $61,971 initial cash invested.
-8.62%
Cash On Cash
5.05%
Cap Rate
0.78
DSCR
$2,008
Rent
-$445
Cashflow
Cash Flow
$2,008 income − $2,453 expenses = $445 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,971
Downpayment
20%
$59,020
Closing costs
1%
$2,951
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,008
Total Expenses
$2,453
Mortgage P&I
79%
$1,586
Property Taxes
12%
$243
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0