This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $62,181 initial cash invested.
-10.02%
Cash On Cash
5.01%
Cap Rate
0.75
DSCR
$2,175
Rent
-$519
Cashflow
Cash Flow
$2,175 income − $2,694 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,175
Total Expenses
$2,694
Mortgage P&I
76%
$1,646
Property Taxes
17%
$377
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0