This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $62,790 initial cash invested.
-18.56%
Cash On Cash
2.73%
Cap Rate
0.43
DSCR
$1,462
Rent
-$971
Cashflow
Cash Flow
$1,462 income − $2,433 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,462
Total Expenses
$2,433
Mortgage P&I
108%
$1,578
Property Taxes
23%
$340
Home Insurance
7%
$105
HOA
2%
$30
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0