This property looks like a bad Long-Term investment with a projected -5.76% first-year return on $61,866 initial cash invested.
-5.76%
Cash On Cash
5.76%
Cap Rate
0.88
DSCR
$2,020
Rent
-$297
Cashflow
Cash Flow
$2,020 income − $2,317 expenses = $297 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,866
Downpayment
20%
$58,920
Closing costs
1%
$2,946
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,020
Total Expenses
$2,317
Mortgage P&I
80%
$1,611
Property Taxes
4%
$76
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0