This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $62,433 initial cash invested.
-13.8%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$1,810
Rent
-$718
Cashflow
Cash Flow
$1,810 income − $2,528 expenses = $718 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$2,528
Mortgage P&I
91%
$1,643
Property Taxes
17%
$314
Home Insurance
6%
$101
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0