This property looks like a bad Long-Term investment with a projected -10.28% first-year return on $62,790 initial cash invested.
-10.28%
Cash On Cash
4.88%
Cap Rate
0.75
DSCR
$2,538
Rent
-$538
Cashflow
Cash Flow
$2,538 income − $3,076 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,538
Total Expenses
$3,076
Mortgage P&I
64%
$1,628
Property Taxes
27%
$683
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0