This property looks like a bad Long-Term investment with a projected -4.57% first-year return on $62,790 initial cash invested.
-4.57%
Cash On Cash
6.14%
Cap Rate
0.92
DSCR
$2,159
Rent
-$239
Cashflow
Cash Flow
$2,159 income − $2,398 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,159
Total Expenses
$2,398
Mortgage P&I
77%
$1,661
Property Taxes
3%
$70
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0