This property looks like a bad Long-Term investment with a projected -8.27% first-year return on $62,664 initial cash invested.
-8.27%
Cash On Cash
5.22%
Cap Rate
0.79
DSCR
$1,891
Rent
-$432
Cashflow
Cash Flow
$1,891 income − $2,323 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,664
Downpayment
20%
$59,680
Closing costs
1%
$2,984
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,891
Total Expenses
$2,323
Mortgage P&I
86%
$1,635
Property Taxes
5%
$86
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$113
Maintenance
5%
$95
Other
0%
$0