This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $62,202 initial cash invested.
-13.58%
Cash On Cash
4.01%
Cap Rate
0.62
DSCR
$1,721
Rent
-$704
Cashflow
Cash Flow
$1,721 income − $2,425 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,721
Total Expenses
$2,425
Mortgage P&I
93%
$1,607
Property Taxes
15%
$266
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0