This property looks like a bad Long-Term investment with a projected -8.58% first-year return on $61,950 initial cash invested.
-8.58%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$2,082
Rent
-$443
Cashflow
Cash Flow
$2,082 income − $2,525 expenses = $443 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
$2,082
Total Expenses
$2,525
Mortgage P&I
78%
$1,615
Property Taxes
13%
$266
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0