This property looks like a bad Long-Term investment with a projected -15.75% first-year return on $62,685 initial cash invested.
-15.75%
Cash On Cash
3.72%
Cap Rate
0.55
DSCR
$1,580
Rent
-$823
Cashflow
Cash Flow
$1,580 income − $2,403 expenses = $823 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,685
Downpayment
20%
$59,700
Closing costs
1%
$2,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,580
Total Expenses
$2,403
Mortgage P&I
106%
$1,670
Property Taxes
12%
$182
Home Insurance
9%
$140
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0