This property looks like a bad Long-Term investment with a projected -0.87% first-year return on $62,257 initial cash invested.
-0.87%
Cash On Cash
6.67%
Cap Rate
1.04
DSCR
$2,223
Rent
-$45
Cashflow
Cash Flow
$2,223 income − $2,268 expenses = $45 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,257
Downpayment
20%
$59,292
Closing costs
1%
$2,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,223
Total Expenses
$2,268
Mortgage P&I
71%
$1,583
Property Taxes
0%
$4
Home Insurance
5%
$104
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0