This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $62,706 initial cash invested.
-12.44%
Cash On Cash
4.32%
Cap Rate
0.66
DSCR
$1,707
Rent
-$650
Cashflow
Cash Flow
$1,707 income − $2,357 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,706
Downpayment
20%
$59,720
Closing costs
1%
$2,986
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,707
Total Expenses
$2,357
Mortgage P&I
96%
$1,639
Property Taxes
10%
$168
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0