This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $62,790 initial cash invested.
-10.05%
Cash On Cash
4.58%
Cap Rate
0.73
DSCR
$1,986
Rent
-$526
Cashflow
Cash Flow
$1,986 income − $2,512 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,986
Total Expenses
$2,512
Mortgage P&I
79%
$1,567
Property Taxes
16%
$324
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0