This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $61,971 initial cash invested.
-12.14%
Cash On Cash
4.37%
Cap Rate
0.67
DSCR
$1,932
Rent
-$627
Cashflow
Cash Flow
$1,932 income − $2,559 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,971
Downpayment
20%
$59,020
Closing costs
1%
$2,951
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,932
Total Expenses
$2,559
Mortgage P&I
83%
$1,604
Property Taxes
18%
$354
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0