This property looks like a bad Long-Term investment with a projected -0.63% first-year return on $62,391 initial cash invested.
-0.63%
Cash On Cash
6.82%
Cap Rate
1.05
DSCR
$2,419
Rent
-$33
Cashflow
Cash Flow
$2,419 income − $2,452 expenses = $33 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,391
Downpayment
20%
$59,420
Closing costs
1%
$2,971
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,419
Total Expenses
$2,452
Mortgage P&I
66%
$1,601
Property Taxes
3%
$73
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0