This property looks like a bad Long-Term investment with a projected -13.04% first-year return on $62,685 initial cash invested.
-13.04%
Cash On Cash
3.88%
Cap Rate
0.62
DSCR
$1,884
Rent
-$681
Cashflow
Cash Flow
$1,884 income − $2,565 expenses = $681 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,685
Downpayment
20%
$59,700
Closing costs
1%
$2,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,884
Total Expenses
$2,565
Mortgage P&I
82%
$1,553
Property Taxes
22%
$418
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0