This property looks like a bad Long-Term investment with a projected -9.8% first-year return on $61,950 initial cash invested.
-9.8%
Cash On Cash
4.51%
Cap Rate
0.73
DSCR
$1,827
Rent
-$506
Cashflow
Cash Flow
$1,827 income − $2,333 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,827
Total Expenses
$2,333
Mortgage P&I
83%
$1,524
Property Taxes
13%
$231
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0