This property looks like a bad Long-Term investment with a projected -11.11% first-year return on $62,202 initial cash invested.
-11.11%
Cash On Cash
4.5%
Cap Rate
0.7
DSCR
$1,888
Rent
-$576
Cashflow
Cash Flow
$1,888 income − $2,464 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,888
Total Expenses
$2,464
Mortgage P&I
84%
$1,592
Property Taxes
15%
$277
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0