This property looks like a bad Long-Term investment with a projected -8.99% first-year return on $61,950 initial cash invested.
-8.99%
Cash On Cash
5.11%
Cap Rate
0.78
DSCR
$1,991
Rent
-$464
Cashflow
Cash Flow
$1,991 income − $2,455 expenses = $464 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
$1,991
Total Expenses
$2,455
Mortgage P&I
81%
$1,620
Property Taxes
11%
$214
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0