This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $62,454 initial cash invested.
-12.8%
Cash On Cash
3.78%
Cap Rate
0.62
DSCR
$1,675
Rent
-$666
Cashflow
Cash Flow
$1,675 income − $2,341 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,454
Downpayment
20%
$59,480
Closing costs
1%
$2,974
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,675
Total Expenses
$2,341
Mortgage P&I
91%
$1,520
Property Taxes
17%
$277
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0