This property looks like a bad Long-Term investment with a projected -4.51% first-year return on $61,950 initial cash invested.
-4.51%
Cash On Cash
6.07%
Cap Rate
0.92
DSCR
$2,189
Rent
-$233
Cashflow
Cash Flow
$2,189 income − $2,422 expenses = $233 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
$2,189
Total Expenses
$2,422
Mortgage P&I
74%
$1,617
Property Taxes
6%
$132
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0