This property looks like a bad Long-Term investment with a projected -9.9% first-year return on $61,950 initial cash invested.
-9.9%
Cash On Cash
4.6%
Cap Rate
0.73
DSCR
$1,884
Rent
-$511
Cashflow
Cash Flow
$1,884 income − $2,395 expenses = $511 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
$1,884
Total Expenses
$2,395
Mortgage P&I
82%
$1,547
Property Taxes
14%
$256
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0