This property looks like a bad Long-Term investment with a projected -8.8% first-year return on $62,034 initial cash invested.
-8.8%
Cash On Cash
4.68%
Cap Rate
0.77
DSCR
$2,055
Rent
-$455
Cashflow
Cash Flow
$2,055 income − $2,510 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,034
Downpayment
20%
$59,080
Closing costs
1%
$2,954
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,055
Total Expenses
$2,510
Mortgage P&I
73%
$1,504
Property Taxes
17%
$355
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0