This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $62,643 initial cash invested.
-10.75%
Cash On Cash
4.81%
Cap Rate
0.72
DSCR
$1,784
Rent
-$561
Cashflow
Cash Flow
$1,784 income − $2,345 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,643
Downpayment
20%
$59,660
Closing costs
1%
$2,983
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,784
Total Expenses
$2,345
Mortgage P&I
93%
$1,667
Property Taxes
5%
$95
Home Insurance
6%
$105
HOA
1%
$15
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0