This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $61,992 initial cash invested.
-10.24%
Cash On Cash
4.76%
Cap Rate
0.74
DSCR
$2,200
Rent
-$529
Cashflow
Cash Flow
$2,200 income − $2,729 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,992
Downpayment
20%
$59,040
Closing costs
1%
$2,952
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,200
Total Expenses
$2,729
Mortgage P&I
72%
$1,589
Property Taxes
21%
$456
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0