This property looks like a bad Long-Term investment with a projected -5.02% first-year return on $61,950 initial cash invested.
-5.02%
Cash On Cash
6.03%
Cap Rate
0.91
DSCR
$2,161
Rent
-$259
Cashflow
Cash Flow
$2,161 income − $2,420 expenses = $259 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,161
Total Expenses
$2,420
Mortgage P&I
76%
$1,634
Property Taxes
6%
$121
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0