This property looks like a bad Long-Term investment with a projected -8.16% first-year return on $62,790 initial cash invested.
-8.16%
Cash On Cash
5.39%
Cap Rate
0.8
DSCR
$1,990
Rent
-$427
Cashflow
Cash Flow
$1,990 income − $2,417 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,990
Total Expenses
$2,417
Mortgage P&I
84%
$1,671
Property Taxes
6%
$123
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0