This property looks like a bad Long-Term investment with a projected -4.34% first-year return on $62,538 initial cash invested.
-4.34%
Cash On Cash
5.65%
Cap Rate
0.92
DSCR
$2,021
Rent
-$226
Cashflow
Cash Flow
$2,021 income − $2,247 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,538
Downpayment
20%
$59,560
Closing costs
1%
$2,978
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,021
Total Expenses
$2,247
Mortgage P&I
76%
$1,528
Property Taxes
4%
$75
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0