This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $62,517 initial cash invested.
-10.75%
Cash On Cash
4.2%
Cap Rate
0.69
DSCR
$1,892
Rent
-$560
Cashflow
Cash Flow
$1,892 income − $2,452 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,517
Downpayment
20%
$59,540
Closing costs
1%
$2,977
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,892
Total Expenses
$2,452
Mortgage P&I
80%
$1,508
Property Taxes
18%
$335
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0