This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $62,433 initial cash invested.
-11.26%
Cash On Cash
4.1%
Cap Rate
0.67
DSCR
$1,852
Rent
-$586
Cashflow
Cash Flow
$1,852 income − $2,438 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,852
Total Expenses
$2,438
Mortgage P&I
81%
$1,509
Property Taxes
8%
$141
Home Insurance
17%
$306
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0