This property looks like a bad Long-Term investment with a projected -10.01% first-year return on $61,950 initial cash invested.
-10.01%
Cash On Cash
4.76%
Cap Rate
0.73
DSCR
$1,872
Rent
-$517
Cashflow
Cash Flow
$1,872 income − $2,389 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,872
Total Expenses
$2,389
Mortgage P&I
85%
$1,593
Property Taxes
11%
$205
Home Insurance
6%
$104
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0