This property looks like a bad Long-Term investment with a projected -5.87% first-year return on $62,580 initial cash invested.
-5.87%
Cash On Cash
5.77%
Cap Rate
0.88
DSCR
$2,362
Rent
-$306
Cashflow
Cash Flow
$2,362 income − $2,668 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,580
Downpayment
20%
$59,600
Closing costs
1%
$2,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,362
Total Expenses
$2,668
Mortgage P&I
69%
$1,621
Property Taxes
14%
$329
Home Insurance
4%
$104
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0