This property looks like a bad Long-Term investment with a projected -8.77% first-year return on $62,391 initial cash invested.
-8.77%
Cash On Cash
5.08%
Cap Rate
0.78
DSCR
$2,020
Rent
-$456
Cashflow
Cash Flow
$2,020 income − $2,476 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,391
Downpayment
20%
$59,420
Closing costs
1%
$2,971
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,020
Total Expenses
$2,476
Mortgage P&I
80%
$1,613
Property Taxes
12%
$233
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0