This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $62,307 initial cash invested.
-14.68%
Cash On Cash
3.94%
Cap Rate
0.59
DSCR
$1,783
Rent
-$762
Cashflow
Cash Flow
$1,783 income − $2,545 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,307
Downpayment
20%
$59,340
Closing costs
1%
$2,967
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,783
Total Expenses
$2,545
Mortgage P&I
92%
$1,646
Property Taxes
19%
$333
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0