This property looks like a bad Long-Term investment with a projected -10.4% first-year return on $61,950 initial cash invested.
-10.4%
Cash On Cash
4.3%
Cap Rate
0.7
DSCR
$1,558
Rent
-$537
Cashflow
Cash Flow
$1,558 income − $2,095 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,558
Total Expenses
$2,095
Mortgage P&I
97%
$1,516
Property Taxes
5%
$71
Home Insurance
7%
$103
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0