This property looks like a bad Long-Term investment with a projected -5.77% first-year return on $62,853 initial cash invested.
-5.77%
Cash On Cash
5.31%
Cap Rate
0.87
DSCR
$2,181
Rent
-$302
Cashflow
Cash Flow
$2,181 income − $2,483 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,853
Downpayment
20%
$59,860
Closing costs
1%
$2,993
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,181
Total Expenses
$2,483
Mortgage P&I
70%
$1,518
Property Taxes
10%
$220
Home Insurance
6%
$136
HOA
2%
$42
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0