This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $61,950 initial cash invested.
-8.15%
Cash On Cash
5.07%
Cap Rate
0.79
DSCR
$1,905
Rent
-$421
Cashflow
Cash Flow
$1,905 income − $2,326 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,905
Total Expenses
$2,326
Mortgage P&I
83%
$1,572
Property Taxes
8%
$157
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0