This property looks like a bad Long-Term investment with a projected -6.04% first-year return on $62,433 initial cash invested.
-6.04%
Cash On Cash
5.29%
Cap Rate
0.86
DSCR
$1,978
Rent
-$314
Cashflow
Cash Flow
$1,978 income − $2,292 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,978
Total Expenses
$2,292
Mortgage P&I
77%
$1,525
Property Taxes
5%
$107
Home Insurance
5%
$105
HOA
2%
$40
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0