This property looks like a bad Long-Term investment with a projected -14.92% first-year return on $62,160 initial cash invested.
-14.92%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$1,691
Rent
-$773
Cashflow
Cash Flow
$1,691 income − $2,464 expenses = $773 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,160
Downpayment
20%
$59,200
Closing costs
1%
$2,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,691
Total Expenses
$2,464
Mortgage P&I
97%
$1,635
Property Taxes
17%
$284
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$101
Maintenance
5%
$85
Other
0%
$0