This property looks like a bad Long-Term investment with a projected -5.54% first-year return on $61,950 initial cash invested.
-5.54%
Cash On Cash
5.33%
Cap Rate
0.88
DSCR
$2,269
Rent
-$286
Cashflow
Cash Flow
$2,269 income − $2,555 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,269
Total Expenses
$2,555
Mortgage P&I
65%
$1,484
Property Taxes
17%
$379
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0