This property looks like a bad Long-Term investment with a projected -12.77% first-year return on $62,034 initial cash invested.
-12.77%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$1,736
Rent
-$660
Cashflow
Cash Flow
$1,736 income − $2,396 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,034
Downpayment
20%
$59,080
Closing costs
1%
$2,954
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,736
Total Expenses
$2,396
Mortgage P&I
93%
$1,618
Property Taxes
13%
$221
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0