This property looks like a bad Long-Term investment with a projected -7.04% first-year return on $61,845 initial cash invested.
-7.04%
Cash On Cash
5.32%
Cap Rate
0.84
DSCR
$2,135
Rent
-$363
Cashflow
Cash Flow
$2,135 income − $2,498 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,845
Downpayment
20%
$58,900
Closing costs
1%
$2,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,135
Total Expenses
$2,498
Mortgage P&I
73%
$1,561
Property Taxes
13%
$278
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0