This property looks like a bad Long-Term investment with a projected -11.52% first-year return on $62,622 initial cash invested.
-11.52%
Cash On Cash
4.51%
Cap Rate
0.69
DSCR
$1,911
Rent
-$601
Cashflow
Cash Flow
$1,911 income − $2,512 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,622
Downpayment
20%
$59,640
Closing costs
1%
$2,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,911
Total Expenses
$2,512
Mortgage P&I
85%
$1,626
Property Taxes
15%
$278
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0