This property looks like a bad Long-Term investment with a projected -17.22% first-year return on $61,950 initial cash invested.
-17.22%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$1,215
Rent
-$889
Cashflow
Cash Flow
$1,215 income − $2,104 expenses = $889 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,215
Total Expenses
$2,104
Mortgage P&I
133%
$1,612
Property Taxes
6%
$72
Home Insurance
8%
$103
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0