This property looks like a bad Long-Term investment with a projected -9.35% first-year return on $62,790 initial cash invested.
-9.35%
Cash On Cash
5.01%
Cap Rate
0.76
DSCR
$1,928
Rent
-$489
Cashflow
Cash Flow
$1,928 income − $2,417 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,928
Total Expenses
$2,417
Mortgage P&I
85%
$1,642
Property Taxes
9%
$169
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0