This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $62,475 initial cash invested.
-11.87%
Cash On Cash
4.11%
Cap Rate
0.65
DSCR
$1,573
Rent
-$618
Cashflow
Cash Flow
$1,573 income − $2,191 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,475
Downpayment
20%
$59,500
Closing costs
1%
$2,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,573
Total Expenses
$2,191
Mortgage P&I
99%
$1,559
Property Taxes
7%
$115
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0