This property looks like a bad Long-Term investment with a projected -0.08% first-year return on $61,950 initial cash invested.
-0.08%
Cash On Cash
7.2%
Cap Rate
1.09
DSCR
$2,989
Rent
-$4
Cashflow
Cash Flow
$2,989 income − $2,993 expenses = $4 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
$2,989
Total Expenses
$2,993
Mortgage P&I
54%
$1,626
Property Taxes
16%
$488
Home Insurance
3%
$103
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0