This property looks like a bad Long-Term investment with a projected -7.88% first-year return on $62,286 initial cash invested.
-7.88%
Cash On Cash
5.25%
Cap Rate
0.81
DSCR
$2,260
Rent
-$409
Cashflow
Cash Flow
$2,260 income − $2,669 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,286
Downpayment
20%
$59,320
Closing costs
1%
$2,966
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,260
Total Expenses
$2,669
Mortgage P&I
70%
$1,593
Property Taxes
17%
$380
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0