This property looks like a bad Long-Term investment with a projected -7.84% first-year return on $62,769 initial cash invested.
-7.84%
Cash On Cash
4.95%
Cap Rate
0.8
DSCR
$2,032
Rent
-$410
Cashflow
Cash Flow
$2,032 income − $2,442 expenses = $410 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,769
Downpayment
20%
$59,780
Closing costs
1%
$2,989
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,032
Total Expenses
$2,442
Mortgage P&I
76%
$1,541
Property Taxes
13%
$258
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0