This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $61,950 initial cash invested.
-8.37%
Cash On Cash
5.17%
Cap Rate
0.79
DSCR
$1,910
Rent
-$432
Cashflow
Cash Flow
$1,910 income − $2,342 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,910
Total Expenses
$2,342
Mortgage P&I
84%
$1,607
Property Taxes
7%
$134
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0