This property looks like a bad Long-Term investment with a projected -14.07% first-year return on $61,908 initial cash invested.
-14.07%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$1,541
Rent
-$726
Cashflow
Cash Flow
$1,541 income − $2,267 expenses = $726 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,908
Downpayment
20%
$58,960
Closing costs
1%
$2,948
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,541
Total Expenses
$2,267
Mortgage P&I
105%
$1,614
Property Taxes
10%
$148
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0