This property looks like a bad Long-Term investment with a projected -6.71% first-year return on $62,790 initial cash invested.
-6.71%
Cash On Cash
5.74%
Cap Rate
0.87
DSCR
$2,589
Rent
-$351
Cashflow
Cash Flow
$2,589 income − $2,940 expenses = $351 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
$2,589
Total Expenses
$2,940
Mortgage P&I
64%
$1,652
Property Taxes
20%
$511
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0