This property looks like a bad Long-Term investment with a projected -7.93% first-year return on $62,496 initial cash invested.
-7.93%
Cash On Cash
5.35%
Cap Rate
0.81
DSCR
$2,026
Rent
-$413
Cashflow
Cash Flow
$2,026 income − $2,439 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,496
Downpayment
20%
$59,520
Closing costs
1%
$2,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,026
Total Expenses
$2,439
Mortgage P&I
81%
$1,640
Property Taxes
8%
$167
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0