This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $62,790 initial cash invested.
-15.92%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$1,501
Rent
-$833
Cashflow
Cash Flow
$1,501 income − $2,334 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,501
Total Expenses
$2,334
Mortgage P&I
110%
$1,649
Property Taxes
12%
$182
Home Insurance
7%
$105
HOA
1%
$8
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0