This property looks like a bad Long-Term investment with a projected -4.4% first-year return on $61,845 initial cash invested.
-4.4%
Cash On Cash
6%
Cap Rate
0.94
DSCR
$2,708
Rent
-$227
Cashflow
Cash Flow
$2,708 income − $2,935 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,845
Downpayment
20%
$58,900
Closing costs
1%
$2,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,708
Total Expenses
$2,935
Mortgage P&I
58%
$1,564
Property Taxes
21%
$563
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0