This property looks like a bad Long-Term investment with a projected -20.24% first-year return on $62,307 initial cash invested.
-20.24%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$2,239
Rent
-$1,051
Cashflow
Cash Flow
$2,239 income − $3,290 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,307
Downpayment
20%
$59,340
Closing costs
1%
$2,967
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,239
Total Expenses
$3,290
Mortgage P&I
73%
$1,634
Property Taxes
17%
$370
Home Insurance
5%
$108
HOA
27%
$596
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0