This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $61,950 initial cash invested.
-8.93%
Cash On Cash
4.69%
Cap Rate
0.75
DSCR
$1,652
Rent
-$461
Cashflow
Cash Flow
$1,652 income − $2,113 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,652
Total Expenses
$2,113
Mortgage P&I
93%
$1,531
Property Taxes
3%
$49
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0