This property looks like a bad Long-Term investment with a projected -6.23% first-year return on $62,202 initial cash invested.
-6.23%
Cash On Cash
5.24%
Cap Rate
0.86
DSCR
$2,144
Rent
-$323
Cashflow
Cash Flow
$2,144 income − $2,467 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,144
Total Expenses
$2,467
Mortgage P&I
70%
$1,509
Property Taxes
14%
$296
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0