This property looks like a bad Long-Term investment with a projected -10.4% first-year return on $62,790 initial cash invested.
-10.4%
Cash On Cash
4.44%
Cap Rate
0.71
DSCR
$1,731
Rent
-$544
Cashflow
Cash Flow
$1,731 income − $2,275 expenses = $544 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,731
Total Expenses
$2,275
Mortgage P&I
90%
$1,564
Property Taxes
9%
$148
Home Insurance
6%
$105
HOA
0%
$7
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0