This property looks like a bad Long-Term investment with a projected -15.68% first-year return on $61,922 initial cash invested.
-15.68%
Cash On Cash
3.74%
Cap Rate
0.56
DSCR
$1,724
Rent
-$809
Cashflow
Cash Flow
$1,724 income − $2,533 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,922
Downpayment
20%
$58,973
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,724
Total Expenses
$2,533
Mortgage P&I
95%
$1,642
Property Taxes
18%
$304
Home Insurance
6%
$103
HOA
2%
$37
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0