This property looks like a bad Long-Term investment with a projected -10.8% first-year return on $62,790 initial cash invested.
-10.8%
Cash On Cash
4.82%
Cap Rate
0.72
DSCR
$2,164
Rent
-$565
Cashflow
Cash Flow
$2,164 income − $2,729 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,164
Total Expenses
$2,729
Mortgage P&I
77%
$1,657
Property Taxes
19%
$405
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0