This property looks like a bad Long-Term investment with a projected -15.21% first-year return on $62,412 initial cash invested.
-15.21%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$2,183
Rent
-$791
Cashflow
Cash Flow
$2,183 income − $2,974 expenses = $791 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,412
Downpayment
20%
$59,440
Closing costs
1%
$2,972
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,183
Total Expenses
$2,974
Mortgage P&I
75%
$1,629
Property Taxes
29%
$626
Home Insurance
5%
$107
HOA
2%
$45
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0