This property looks like a bad Long-Term investment with a projected -7.47% first-year return on $62,790 initial cash invested.
-7.47%
Cash On Cash
5.35%
Cap Rate
0.82
DSCR
$2,167
Rent
-$391
Cashflow
Cash Flow
$2,167 income − $2,558 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,167
Total Expenses
$2,558
Mortgage P&I
75%
$1,615
Property Taxes
13%
$275
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0