This property looks like a bad Long-Term investment with a projected -12.42% first-year return on $61,935 initial cash invested.
-12.42%
Cash On Cash
3.92%
Cap Rate
0.63
DSCR
$1,385
Rent
-$641
Cashflow
Cash Flow
$1,385 income − $2,026 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,935
Downpayment
20%
$58,986
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,385
Total Expenses
$2,026
Mortgage P&I
111%
$1,536
Property Taxes
2%
$28
Home Insurance
7%
$103
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0