This property looks like a bad Long-Term investment with a projected -20.34% first-year return on $61,950 initial cash invested.
-20.34%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$1,853
Rent
-$1,050
Cashflow
Cash Flow
$1,853 income − $2,903 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,853
Total Expenses
$2,903
Mortgage P&I
88%
$1,623
Property Taxes
36%
$662
Home Insurance
6%
$103
HOA
2%
$33
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0