This property looks like a bad Long-Term investment with a projected -12.06% first-year return on $62,202 initial cash invested.
-12.06%
Cash On Cash
4.34%
Cap Rate
0.67
DSCR
$2,117
Rent
-$625
Cashflow
Cash Flow
$2,117 income − $2,742 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,117
Total Expenses
$2,742
Mortgage P&I
75%
$1,591
Property Taxes
23%
$482
Home Insurance
6%
$118
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0