This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $62,370 initial cash invested.
-11.93%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$2,072
Rent
-$620
Cashflow
Cash Flow
$2,072 income − $2,692 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,370
Downpayment
20%
$59,400
Closing costs
1%
$2,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,072
Total Expenses
$2,692
Mortgage P&I
76%
$1,581
Property Taxes
13%
$262
Home Insurance
5%
$105
HOA
10%
$205
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0