This property looks like a bad Long-Term investment with a projected -7.72% first-year return on $61,845 initial cash invested.
-7.72%
Cash On Cash
5.31%
Cap Rate
0.81
DSCR
$1,923
Rent
-$398
Cashflow
Cash Flow
$1,923 income − $2,321 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,845
Downpayment
20%
$58,900
Closing costs
1%
$2,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,923
Total Expenses
$2,321
Mortgage P&I
83%
$1,604
Property Taxes
6%
$113
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0