This property looks like a bad Long-Term investment with a projected -5.92% first-year return on $62,181 initial cash invested.
-5.92%
Cash On Cash
5.3%
Cap Rate
0.86
DSCR
$1,998
Rent
-$307
Cashflow
Cash Flow
$1,998 income − $2,305 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,181
Downpayment
20%
$59,220
Closing costs
1%
$2,961
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,998
Total Expenses
$2,305
Mortgage P&I
76%
$1,514
Property Taxes
8%
$166
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0