This property looks like a bad Long-Term investment with a projected -7.23% first-year return on $61,908 initial cash invested.
-7.23%
Cash On Cash
5.4%
Cap Rate
0.83
DSCR
$1,949
Rent
-$373
Cashflow
Cash Flow
$1,949 income − $2,322 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,908
Downpayment
20%
$58,960
Closing costs
1%
$2,948
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,949
Total Expenses
$2,322
Mortgage P&I
82%
$1,603
Property Taxes
5%
$92
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0