This property looks like a bad Long-Term investment with a projected -4.18% first-year return on $62,265 initial cash invested.
-4.18%
Cash On Cash
5.69%
Cap Rate
0.92
DSCR
$1,917
Rent
-$217
Cashflow
Cash Flow
$1,917 income − $2,134 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,265
Downpayment
20%
$59,300
Closing costs
1%
$2,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,917
Total Expenses
$2,134
Mortgage P&I
80%
$1,527
Property Taxes
0%
$4
Home Insurance
5%
$104
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0