This property looks like a bad Long-Term investment with a projected -11.02% first-year return on $61,950 initial cash invested.
-11.02%
Cash On Cash
4.17%
Cap Rate
0.68
DSCR
$1,631
Rent
-$569
Cashflow
Cash Flow
$1,631 income − $2,200 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,631
Total Expenses
$2,200
Mortgage P&I
93%
$1,511
Property Taxes
10%
$161
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0