This property looks like a bad Long-Term investment with a projected -3.17% first-year return on $61,992 initial cash invested.
-3.17%
Cash On Cash
5.91%
Cap Rate
0.97
DSCR
$2,233
Rent
-$164
Cashflow
Cash Flow
$2,233 income − $2,397 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,992
Downpayment
20%
$59,040
Closing costs
1%
$2,952
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,233
Total Expenses
$2,397
Mortgage P&I
67%
$1,507
Property Taxes
9%
$204
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0