This property looks like a bad Long-Term investment with a projected -0.69% first-year return on $62,790 initial cash invested.
-0.69%
Cash On Cash
6.74%
Cap Rate
1.06
DSCR
$2,476
Rent
-$36
Cashflow
Cash Flow
$2,476 income − $2,512 expenses = $36 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,476
Total Expenses
$2,512
Mortgage P&I
64%
$1,591
Property Taxes
7%
$171
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0