This property looks like a bad Long-Term investment with a projected -10.63% first-year return on $62,559 initial cash invested.
-10.63%
Cash On Cash
4.68%
Cap Rate
0.71
DSCR
$1,786
Rent
-$554
Cashflow
Cash Flow
$1,786 income − $2,340 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,559
Downpayment
20%
$59,580
Closing costs
1%
$2,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,786
Total Expenses
$2,340
Mortgage P&I
91%
$1,628
Property Taxes
8%
$143
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0