This property looks like a bad Long-Term investment with a projected -16.14% first-year return on $62,160 initial cash invested.
-16.14%
Cash On Cash
3.61%
Cap Rate
0.54
DSCR
$1,648
Rent
-$836
Cashflow
Cash Flow
$1,648 income − $2,484 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,160
Downpayment
20%
$59,200
Closing costs
1%
$2,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,648
Total Expenses
$2,484
Mortgage P&I
100%
$1,644
Property Taxes
19%
$308
Home Insurance
6%
$104
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0