This property looks like a bad Long-Term investment with a projected -8.02% first-year return on $61,929 initial cash invested.
-8.02%
Cash On Cash
5.01%
Cap Rate
0.8
DSCR
$2,166
Rent
-$414
Cashflow
Cash Flow
$2,166 income − $2,580 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,929
Downpayment
20%
$58,980
Closing costs
1%
$2,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,166
Total Expenses
$2,580
Mortgage P&I
71%
$1,536
Property Taxes
14%
$303
Home Insurance
5%
$103
HOA
3%
$75
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0