This property looks like a bad Long-Term investment with a projected -13.15% first-year return on $62,790 initial cash invested.
-13.15%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$1,737
Rent
-$688
Cashflow
Cash Flow
$1,737 income − $2,425 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,737
Total Expenses
$2,425
Mortgage P&I
94%
$1,638
Property Taxes
13%
$230
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0