This property looks like a bad Long-Term investment with a projected -13.37% first-year return on $62,538 initial cash invested.
-13.37%
Cash On Cash
4.22%
Cap Rate
0.63
DSCR
$1,604
Rent
-$697
Cashflow
Cash Flow
$1,604 income − $2,301 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,538
Downpayment
20%
$59,560
Closing costs
1%
$2,978
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,604
Total Expenses
$2,301
Mortgage P&I
104%
$1,665
Property Taxes
7%
$110
Home Insurance
7%
$110
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0