This property looks like a bad Long-Term investment with a projected -16.18% first-year return on $62,601 initial cash invested.
-16.18%
Cash On Cash
3.51%
Cap Rate
0.54
DSCR
$2,095
Rent
-$844
Cashflow
Cash Flow
$2,095 income − $2,939 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,601
Downpayment
20%
$59,620
Closing costs
1%
$2,981
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,095
Total Expenses
$2,939
Mortgage P&I
77%
$1,611
Property Taxes
33%
$694
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0