This property looks like a bad Long-Term investment with a projected -10.19% first-year return on $62,433 initial cash invested.
-10.19%
Cash On Cash
4.48%
Cap Rate
0.72
DSCR
$1,917
Rent
-$530
Cashflow
Cash Flow
$1,917 income − $2,447 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,917
Total Expenses
$2,447
Mortgage P&I
81%
$1,545
Property Taxes
16%
$301
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0