This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $62,412 initial cash invested.
-12.59%
Cash On Cash
4.51%
Cap Rate
0.67
DSCR
$1,991
Rent
-$655
Cashflow
Cash Flow
$1,991 income − $2,646 expenses = $655 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,412
Downpayment
20%
$59,440
Closing costs
1%
$2,972
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,991
Total Expenses
$2,646
Mortgage P&I
84%
$1,673
Property Taxes
18%
$350
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0