This property looks like a bad Long-Term investment with a projected -10.48% first-year return on $62,181 initial cash invested.
-10.48%
Cash On Cash
4.53%
Cap Rate
0.72
DSCR
$1,937
Rent
-$543
Cashflow
Cash Flow
$1,937 income − $2,480 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,181
Downpayment
20%
$59,220
Closing costs
1%
$2,961
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,937
Total Expenses
$2,480
Mortgage P&I
81%
$1,565
Property Taxes
16%
$306
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0