This property looks like a bad Long-Term investment with a projected -6.46% first-year return on $62,790 initial cash invested.
-6.46%
Cash On Cash
5.53%
Cap Rate
0.85
DSCR
$2,038
Rent
-$338
Cashflow
Cash Flow
$2,038 income − $2,376 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,038
Total Expenses
$2,376
Mortgage P&I
79%
$1,613
Property Taxes
6%
$128
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0