This property looks like a bad Long-Term investment with a projected -10.52% first-year return on $62,853 initial cash invested.
-10.52%
Cash On Cash
4.6%
Cap Rate
0.72
DSCR
$1,958
Rent
-$551
Cashflow
Cash Flow
$1,958 income − $2,509 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,958
Total Expenses
$2,509
Mortgage P&I
82%
$1,600
Property Taxes
13%
$248
Home Insurance
6%
$122
HOA
2%
$30
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0