This property looks like a bad Long-Term investment with a projected -9.05% first-year return on $62,160 initial cash invested.
-9.05%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$2,138
Rent
-$469
Cashflow
Cash Flow
$2,138 income − $2,607 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,160
Downpayment
20%
$59,200
Closing costs
1%
$2,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,138
Total Expenses
$2,607
Mortgage P&I
77%
$1,643
Property Taxes
12%
$265
Home Insurance
5%
$105
HOA
2%
$38
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0