This property looks like a bad Long-Term investment with a projected -15.07% first-year return on $61,950 initial cash invested.
-15.07%
Cash On Cash
3.25%
Cap Rate
0.53
DSCR
$1,380
Rent
-$778
Cashflow
Cash Flow
$1,380 income − $2,158 expenses = $778 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,380
Total Expenses
$2,158
Mortgage P&I
109%
$1,508
Property Taxes
14%
$188
Home Insurance
7%
$103
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0