This property looks like a bad Long-Term investment with a projected -1.34% first-year return on $62,790 initial cash invested.
-1.34%
Cash On Cash
6.86%
Cap Rate
1.04
DSCR
$2,649
Rent
-$70
Cashflow
Cash Flow
$2,649 income − $2,719 expenses = $70 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
$2,649
Total Expenses
$2,719
Mortgage P&I
62%
$1,647
Property Taxes
9%
$244
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0