This property looks like a bad Long-Term investment with a projected -9.46% first-year return on $62,013 initial cash invested.
-9.46%
Cash On Cash
4.95%
Cap Rate
0.76
DSCR
$1,974
Rent
-$489
Cashflow
Cash Flow
$1,974 income − $2,463 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,013
Downpayment
20%
$59,060
Closing costs
1%
$2,953
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,974
Total Expenses
$2,463
Mortgage P&I
82%
$1,609
Property Taxes
12%
$236
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0