This property looks like a bad Long-Term investment with a projected -9.07% first-year return on $61,929 initial cash invested.
-9.07%
Cash On Cash
4.61%
Cap Rate
0.75
DSCR
$1,721
Rent
-$468
Cashflow
Cash Flow
$1,721 income − $2,189 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,929
Downpayment
20%
$58,980
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,721
Total Expenses
$2,189
Mortgage P&I
88%
$1,515
Property Taxes
7%
$124
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0