This property looks like a bad Long-Term investment with a projected -5.41% first-year return on $62,790 initial cash invested.
-5.41%
Cash On Cash
5.89%
Cap Rate
0.9
DSCR
$2,253
Rent
-$283
Cashflow
Cash Flow
$2,253 income − $2,536 expenses = $283 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
$2,253
Total Expenses
$2,536
Mortgage P&I
73%
$1,637
Property Taxes
8%
$172
Home Insurance
5%
$105
HOA
2%
$36
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0