This property looks like a bad Long-Term investment with a projected -7.34% first-year return on $61,929 initial cash invested.
-7.34%
Cash On Cash
5.01%
Cap Rate
0.81
DSCR
$1,893
Rent
-$379
Cashflow
Cash Flow
$1,893 income − $2,272 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,929
Downpayment
20%
$58,980
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,893
Total Expenses
$2,272
Mortgage P&I
80%
$1,514
Property Taxes
9%
$162
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0