This property looks like a bad Long-Term investment with a projected -3.59% first-year return on $61,908 initial cash invested.
-3.59%
Cash On Cash
6.08%
Cap Rate
0.96
DSCR
$2,309
Rent
-$185
Cashflow
Cash Flow
$2,309 income − $2,494 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,908
Downpayment
20%
$58,960
Closing costs
1%
$2,948
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,309
Total Expenses
$2,494
Mortgage P&I
68%
$1,563
Property Taxes
10%
$228
Home Insurance
4%
$103
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$139
Maintenance
5%
$115
Other
0%
$0