This property looks like a bad Long-Term investment with a projected -3.44% first-year return on $62,433 initial cash invested.
-3.44%
Cash On Cash
6.4%
Cap Rate
0.96
DSCR
$2,423
Rent
-$179
Cashflow
Cash Flow
$2,423 income − $2,602 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,423
Total Expenses
$2,602
Mortgage P&I
68%
$1,643
Property Taxes
9%
$223
Home Insurance
4%
$107
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0