This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $62,328 initial cash invested.
-13.52%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$1,944
Rent
-$702
Cashflow
Cash Flow
$1,944 income − $2,646 expenses = $702 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,328
Downpayment
20%
$59,360
Closing costs
1%
$2,968
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,944
Total Expenses
$2,646
Mortgage P&I
84%
$1,633
Property Taxes
21%
$407
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0