This property looks like a bad Long-Term investment with a projected -8.32% first-year return on $61,908 initial cash invested.
-8.32%
Cash On Cash
5.38%
Cap Rate
0.8
DSCR
$2,014
Rent
-$429
Cashflow
Cash Flow
$2,014 income − $2,443 expenses = $429 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,014
Total Expenses
$2,443
Mortgage P&I
82%
$1,649
Property Taxes
8%
$169
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0