This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $61,950 initial cash invested.
-12.01%
Cash On Cash
4.15%
Cap Rate
0.66
DSCR
$1,985
Rent
-$620
Cashflow
Cash Flow
$1,985 income − $2,605 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,985
Total Expenses
$2,605
Mortgage P&I
78%
$1,542
Property Taxes
22%
$445
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0