This property looks like a bad Long-Term investment with a projected -12.38% first-year return on $62,790 initial cash invested.
-12.38%
Cash On Cash
4.37%
Cap Rate
0.66
DSCR
$1,707
Rent
-$648
Cashflow
Cash Flow
$1,707 income − $2,355 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,707
Total Expenses
$2,355
Mortgage P&I
97%
$1,652
Property Taxes
7%
$125
Home Insurance
6%
$105
HOA
2%
$30
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0