This property looks like a bad Long-Term investment with a projected -3.41% first-year return on $62,559 initial cash invested.
-3.41%
Cash On Cash
6.37%
Cap Rate
0.96
DSCR
$2,357
Rent
-$178
Cashflow
Cash Flow
$2,357 income − $2,535 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,559
Downpayment
20%
$59,580
Closing costs
1%
$2,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,357
Total Expenses
$2,535
Mortgage P&I
70%
$1,642
Property Taxes
7%
$175
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0