This property looks like a bad Long-Term investment with a projected -19.43% first-year return on $61,950 initial cash invested.
-19.43%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$1,903
Rent
-$1,003
Cashflow
Cash Flow
$1,903 income − $2,906 expenses = $1,003 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
$1,903
Total Expenses
$2,906
Mortgage P&I
86%
$1,639
Property Taxes
35%
$670
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0