This property looks like a bad Long-Term investment with a projected -11.49% first-year return on $61,950 initial cash invested.
-11.49%
Cash On Cash
4.33%
Cap Rate
0.68
DSCR
$1,758
Rent
-$593
Cashflow
Cash Flow
$1,758 income − $2,351 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,758
Total Expenses
$2,351
Mortgage P&I
89%
$1,569
Property Taxes
13%
$222
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0