This property looks like a bad Long-Term investment with a projected -8.69% first-year return on $62,664 initial cash invested.
-8.69%
Cash On Cash
4.73%
Cap Rate
0.77
DSCR
$2,087
Rent
-$454
Cashflow
Cash Flow
$2,087 income − $2,541 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,664
Downpayment
20%
$59,680
Closing costs
1%
$2,984
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,087
Total Expenses
$2,541
Mortgage P&I
73%
$1,527
Property Taxes
18%
$369
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0