This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $61,950 initial cash invested.
-8.97%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$1,781
Rent
-$463
Cashflow
Cash Flow
$1,781 income − $2,244 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,781
Total Expenses
$2,244
Mortgage P&I
91%
$1,616
Property Taxes
3%
$62
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0