This property looks like a bad Long-Term investment with a projected -6.57% first-year return on $62,244 initial cash invested.
-6.57%
Cash On Cash
5.38%
Cap Rate
0.87
DSCR
$2,755
Rent
-$341
Cashflow
Cash Flow
$2,755 income − $3,096 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,244
Downpayment
20%
$59,280
Closing costs
1%
$2,964
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,755
Total Expenses
$3,096
Mortgage P&I
56%
$1,531
Property Taxes
27%
$743
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0