This property looks like a bad Long-Term investment with a projected -11.35% first-year return on $62,790 initial cash invested.
-11.35%
Cash On Cash
4.55%
Cap Rate
0.7
DSCR
$1,997
Rent
-$594
Cashflow
Cash Flow
$1,997 income − $2,591 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,997
Total Expenses
$2,591
Mortgage P&I
82%
$1,628
Property Taxes
17%
$338
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0