This property looks like a bad Long-Term investment with a projected -11.56% first-year return on $61,887 initial cash invested.
-11.56%
Cash On Cash
4.53%
Cap Rate
0.69
DSCR
$2,126
Rent
-$596
Cashflow
Cash Flow
$2,126 income − $2,722 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,887
Downpayment
20%
$58,940
Closing costs
1%
$2,947
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,126
Total Expenses
$2,722
Mortgage P&I
75%
$1,603
Property Taxes
22%
$461
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0