This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $61,908 initial cash invested.
-15.02%
Cash On Cash
3.88%
Cap Rate
0.58
DSCR
$1,777
Rent
-$775
Cashflow
Cash Flow
$1,777 income − $2,552 expenses = $775 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,908
Downpayment
20%
$58,960
Closing costs
1%
$2,948
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,777
Total Expenses
$2,552
Mortgage P&I
92%
$1,638
Property Taxes
19%
$344
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0