This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $62,799 initial cash invested.
-11.73%
Cash On Cash
4.53%
Cap Rate
0.69
DSCR
$1,896
Rent
-$614
Cashflow
Cash Flow
$1,896 income − $2,510 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,799
Downpayment
20%
$59,809
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,896
Total Expenses
$2,510
Mortgage P&I
87%
$1,648
Property Taxes
14%
$263
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0