This property looks like a bad Long-Term investment with a projected -11.76% first-year return on $62,559 initial cash invested.
-11.76%
Cash On Cash
4.71%
Cap Rate
0.7
DSCR
$2,329
Rent
-$613
Cashflow
Cash Flow
$2,329 income − $2,942 expenses = $613 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,559
Downpayment
20%
$59,580
Closing costs
1%
$2,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,329
Total Expenses
$2,942
Mortgage P&I
72%
$1,666
Property Taxes
24%
$566
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0