This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $62,160 initial cash invested.
-11.91%
Cash On Cash
4.35%
Cap Rate
0.67
DSCR
$1,607
Rent
-$617
Cashflow
Cash Flow
$1,607 income − $2,224 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,160
Downpayment
20%
$59,200
Closing costs
1%
$2,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,607
Total Expenses
$2,224
Mortgage P&I
100%
$1,609
Property Taxes
6%
$103
Home Insurance
6%
$95
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0