This property looks like a bad Long-Term investment with a projected -11.78% first-year return on $61,950 initial cash invested.
-11.78%
Cash On Cash
4.08%
Cap Rate
0.66
DSCR
$1,662
Rent
-$608
Cashflow
Cash Flow
$1,662 income − $2,270 expenses = $608 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
$1,662
Total Expenses
$2,270
Mortgage P&I
92%
$1,529
Property Taxes
12%
$206
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0