This property looks like a bad Long-Term investment with a projected -8.94% first-year return on $61,845 initial cash invested.
-8.94%
Cash On Cash
5.11%
Cap Rate
0.77
DSCR
$1,948
Rent
-$461
Cashflow
Cash Flow
$1,948 income − $2,409 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,845
Downpayment
20%
$58,900
Closing costs
1%
$2,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,948
Total Expenses
$2,409
Mortgage P&I
83%
$1,617
Property Taxes
9%
$181
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0