This property looks like a bad Long-Term investment with a projected -23.95% first-year return on $62,790 initial cash invested.
-23.95%
Cash On Cash
1.76%
Cap Rate
0.27
DSCR
$784
Rent
-$1,253
Cashflow
Cash Flow
$784 income − $2,037 expenses = $1,253 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
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
$784
Total Expenses
$2,037
Mortgage P&I
211%
$1,653
Property Taxes
10%
$76
Home Insurance
13%
$105
HOA
0%
$0
Property Management
10%
$78
CapEx
5%
$39
Vacancy
6%
$47
Maintenance
5%
$39
Other
0%
$0