This property looks like a bad Long-Term investment with a projected -6.36% first-year return on $62,790 initial cash invested.
-6.36%
Cash On Cash
5.62%
Cap Rate
0.86
DSCR
$1,942
Rent
-$333
Cashflow
Cash Flow
$1,942 income − $2,275 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,942
Total Expenses
$2,275
Mortgage P&I
84%
$1,637
Property Taxes
1%
$28
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0