This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $62,034 initial cash invested.
-8.28%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$2,126
Rent
-$428
Cashflow
Cash Flow
$2,126 income − $2,554 expenses = $428 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,034
Downpayment
20%
$59,080
Closing costs
1%
$2,954
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,126
Total Expenses
$2,554
Mortgage P&I
76%
$1,618
Property Taxes
12%
$258
Home Insurance
5%
$105
HOA
1%
$20
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0