This property looks like a bad Long-Term investment with a projected -17.38% first-year return on $61,950 initial cash invested.
-17.38%
Cash On Cash
2.77%
Cap Rate
0.45
DSCR
$1,447
Rent
-$897
Cashflow
Cash Flow
$1,447 income − $2,344 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,447
Total Expenses
$2,344
Mortgage P&I
104%
$1,505
Property Taxes
25%
$360
Home Insurance
7%
$103
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0