This property looks like a bad Long-Term investment with a projected -19.65% first-year return on $62,790 initial cash invested.
-19.65%
Cash On Cash
2.83%
Cap Rate
0.42
DSCR
$1,194
Rent
-$1,028
Cashflow
Cash Flow
$1,194 income − $2,222 expenses = $1,028 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,194
Total Expenses
$2,222
Mortgage P&I
140%
$1,674
Property Taxes
11%
$132
Home Insurance
9%
$105
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0