This property looks like a bad Long-Term investment with a projected -6.07% first-year return on $62,517 initial cash invested.
-6.07%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$2,121
Rent
-$316
Cashflow
Cash Flow
$2,121 income − $2,437 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,517
Downpayment
20%
$59,540
Closing costs
1%
$2,977
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$2,437
Mortgage P&I
77%
$1,637
Property Taxes
6%
$130
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0