This property looks like a bad Long-Term investment with a projected -10.68% first-year return on $62,265 initial cash invested.
-10.68%
Cash On Cash
4.87%
Cap Rate
0.72
DSCR
$1,794
Rent
-$554
Cashflow
Cash Flow
$1,794 income − $2,348 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,265
Downpayment
20%
$59,300
Closing costs
1%
$2,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,794
Total Expenses
$2,348
Mortgage P&I
93%
$1,667
Property Taxes
6%
$109
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0