This property looks like a bad Long-Term investment with a projected -8.08% first-year return on $61,940 initial cash invested.
-8.08%
Cash On Cash
5.12%
Cap Rate
0.8
DSCR
$1,867
Rent
-$417
Cashflow
Cash Flow
$1,867 income − $2,284 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,940
Downpayment
20%
$58,990
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,867
Total Expenses
$2,284
Mortgage P&I
85%
$1,582
Property Taxes
6%
$114
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0