This property looks like a bad Long-Term investment with a projected -8.59% first-year return on $62,013 initial cash invested.
-8.59%
Cash On Cash
4.74%
Cap Rate
0.77
DSCR
$1,762
Rent
-$444
Cashflow
Cash Flow
$1,762 income − $2,206 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,762
Total Expenses
$2,206
Mortgage P&I
86%
$1,522
Property Taxes
7%
$128
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0