This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $62,391 initial cash invested.
-13.73%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$2,043
Rent
-$714
Cashflow
Cash Flow
$2,043 income − $2,757 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,391
Downpayment
20%
$59,420
Closing costs
1%
$2,971
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,043
Total Expenses
$2,757
Mortgage P&I
79%
$1,616
Property Taxes
25%
$505
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0