This property looks like a bad Long-Term investment with a projected -18.66% first-year return on $61,866 initial cash invested.
-18.66%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$1,754
Rent
-$962
Cashflow
Cash Flow
$1,754 income − $2,716 expenses = $962 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,866
Downpayment
20%
$58,920
Closing costs
1%
$2,946
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,754
Total Expenses
$2,716
Mortgage P&I
93%
$1,623
Property Taxes
14%
$237
Home Insurance
6%
$108
HOA
17%
$292
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0