This property looks like a bad Long-Term investment with a projected -8.49% first-year return on $62,601 initial cash invested.
-8.49%
Cash On Cash
5.21%
Cap Rate
0.79
DSCR
$2,117
Rent
-$443
Cashflow
Cash Flow
$2,117 income − $2,560 expenses = $443 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,117
Total Expenses
$2,560
Mortgage P&I
77%
$1,632
Property Taxes
10%
$214
Home Insurance
5%
$105
HOA
3%
$58
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0