This property looks like a bad Long-Term investment with a projected -3.68% first-year return on $62,580 initial cash invested.
-3.68%
Cash On Cash
6.5%
Cap Rate
0.97
DSCR
$2,765
Rent
-$192
Cashflow
Cash Flow
$2,765 income − $2,957 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,580
Downpayment
20%
$59,600
Closing costs
1%
$2,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,765
Total Expenses
$2,957
Mortgage P&I
60%
$1,667
Property Taxes
17%
$468
Home Insurance
4%
$104
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0