This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $62,685 initial cash invested.
-9.51%
Cash On Cash
4.88%
Cap Rate
0.75
DSCR
$1,747
Rent
-$497
Cashflow
Cash Flow
$1,747 income − $2,244 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,685
Downpayment
20%
$59,700
Closing costs
1%
$2,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,747
Total Expenses
$2,244
Mortgage P&I
93%
$1,623
Property Taxes
4%
$63
Home Insurance
6%
$104
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0