This property looks like a bad Long-Term investment with a projected -6.75% first-year return on $61,845 initial cash invested.
-6.75%
Cash On Cash
5.59%
Cap Rate
0.85
DSCR
$2,174
Rent
-$348
Cashflow
Cash Flow
$2,174 income − $2,522 expenses = $348 out of pocket
Investment Breakdown
|
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,845
Downpayment
20%
$58,900
Closing costs
1%
$2,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,174
Total Expenses
$2,522
Mortgage P&I
74%
$1,610
Property Taxes
10%
$214
Home Insurance
5%
$104
HOA
1%
$29
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0