This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $62,475 initial cash invested.
-14.83%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$1,936
Rent
-$772
Cashflow
Cash Flow
$1,936 income − $2,708 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,475
Downpayment
20%
$59,500
Closing costs
1%
$2,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,936
Total Expenses
$2,708
Mortgage P&I
84%
$1,619
Property Taxes
25%
$481
Home Insurance
5%
$104
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0