This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $61,908 initial cash invested.
-12.13%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$1,654
Rent
-$626
Cashflow
Cash Flow
$1,654 income − $2,280 expenses = $626 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,908
Downpayment
20%
$58,960
Closing costs
1%
$2,948
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,654
Total Expenses
$2,280
Mortgage P&I
99%
$1,635
Property Taxes
9%
$141
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0