This property looks like a bad Long-Term investment with a projected -17.3% first-year return on $62,790 initial cash invested.
-17.3%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$1,504
Rent
-$905
Cashflow
Cash Flow
$1,504 income − $2,409 expenses = $905 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
$1,504
Total Expenses
$2,409
Mortgage P&I
109%
$1,637
Property Taxes
18%
$277
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0