This property looks like a bad Long-Term investment with a projected -12.95% first-year return on $62,622 initial cash invested.
-12.95%
Cash On Cash
4.15%
Cap Rate
0.64
DSCR
$1,658
Rent
-$676
Cashflow
Cash Flow
$1,658 income − $2,334 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,622
Downpayment
20%
$59,640
Closing costs
1%
$2,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,658
Total Expenses
$2,334
Mortgage P&I
98%
$1,625
Property Taxes
10%
$171
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0