This property looks like a bad Long-Term investment with a projected -3.1% first-year return on $61,950 initial cash invested.
-3.1%
Cash On Cash
6.2%
Cap Rate
0.98
DSCR
$2,426
Rent
-$160
Cashflow
Cash Flow
$2,426 income − $2,586 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,426
Total Expenses
$2,586
Mortgage P&I
64%
$1,563
Property Taxes
12%
$289
Home Insurance
4%
$103
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0