This property looks like a bad Long-Term investment with a projected -15.38% first-year return on $61,950 initial cash invested.
-15.38%
Cash On Cash
3.4%
Cap Rate
0.54
DSCR
$1,407
Rent
-$794
Cashflow
Cash Flow
$1,407 income − $2,201 expenses = $794 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,407
Total Expenses
$2,201
Mortgage P&I
111%
$1,560
Property Taxes
12%
$169
Home Insurance
8%
$107
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0