This property looks like a bad Long-Term investment with a projected -10.77% first-year return on $61,866 initial cash invested.
-10.77%
Cash On Cash
4.64%
Cap Rate
0.71
DSCR
$1,923
Rent
-$555
Cashflow
Cash Flow
$1,923 income − $2,478 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,866
Downpayment
20%
$58,920
Closing costs
1%
$2,946
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,923
Total Expenses
$2,478
Mortgage P&I
83%
$1,598
Property Taxes
15%
$288
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0