This property looks like a bad Long-Term investment with a projected -12.74% first-year return on $62,727 initial cash invested.
-12.74%
Cash On Cash
4.27%
Cap Rate
0.65
DSCR
$2,101
Rent
-$666
Cashflow
Cash Flow
$2,101 income − $2,767 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,727
Downpayment
20%
$59,740
Closing costs
1%
$2,987
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,101
Total Expenses
$2,767
Mortgage P&I
77%
$1,623
Property Taxes
23%
$490
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0