This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $62,601 initial cash invested.
-6.73%
Cash On Cash
5.38%
Cap Rate
0.85
DSCR
$2,142
Rent
-$351
Cashflow
Cash Flow
$2,142 income − $2,493 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,601
Downpayment
20%
$59,620
Closing costs
1%
$2,981
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,142
Total Expenses
$2,493
Mortgage P&I
74%
$1,580
Property Taxes
12%
$251
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0