This property looks like a bad Long-Term investment with a projected -8.01% first-year return on $62,433 initial cash invested.
-8.01%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$1,962
Rent
-$417
Cashflow
Cash Flow
$1,962 income − $2,379 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,962
Total Expenses
$2,379
Mortgage P&I
83%
$1,622
Property Taxes
7%
$131
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0