This property looks like a bad Long-Term investment with a projected -10.79% first-year return on $62,727 initial cash invested.
-10.79%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$1,814
Rent
-$564
Cashflow
Cash Flow
$1,814 income − $2,378 expenses = $564 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,727
Downpayment
20%
$59,740
Closing costs
1%
$2,987
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,814
Total Expenses
$2,378
Mortgage P&I
91%
$1,650
Property Taxes
9%
$155
Home Insurance
6%
$101
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0