This property looks like a bad Long-Term investment with a projected -15.23% first-year return on $62,790 initial cash invested.
-15.23%
Cash On Cash
3.54%
Cap Rate
0.55
DSCR
$1,362
Rent
-$797
Cashflow
Cash Flow
$1,362 income − $2,159 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,362
Total Expenses
$2,159
Mortgage P&I
118%
$1,611
Property Taxes
6%
$86
Home Insurance
8%
$108
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0