This property looks like a bad Long-Term investment with a projected -7.18% first-year return on $62,874 initial cash invested.
-7.18%
Cash On Cash
5.49%
Cap Rate
0.83
DSCR
$2,074
Rent
-$376
Cashflow
Cash Flow
$2,074 income − $2,450 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,874
Downpayment
20%
$59,880
Closing costs
1%
$2,994
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,074
Total Expenses
$2,450
Mortgage P&I
79%
$1,641
Property Taxes
8%
$162
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0