This property looks like a bad Long-Term investment with a projected -11.64% first-year return on $62,790 initial cash invested.
-11.64%
Cash On Cash
4.53%
Cap Rate
0.68
DSCR
$1,761
Rent
-$609
Cashflow
Cash Flow
$1,761 income − $2,370 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,761
Total Expenses
$2,370
Mortgage P&I
94%
$1,650
Property Taxes
9%
$157
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0