This property looks like a bad Long-Term investment with a projected -12.22% first-year return on $62,370 initial cash invested.
-12.22%
Cash On Cash
4.06%
Cap Rate
0.64
DSCR
$1,413
Rent
-$635
Cashflow
Cash Flow
$1,413 income − $2,048 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,370
Downpayment
20%
$59,400
Closing costs
1%
$2,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,413
Total Expenses
$2,048
Mortgage P&I
111%
$1,569
Property Taxes
1%
$7
Home Insurance
7%
$104
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0