This property looks like a bad Long-Term investment with a projected -21.63% first-year return on $62,790 initial cash invested.
-21.63%
Cash On Cash
2.46%
Cap Rate
0.37
DSCR
$2,188
Rent
-$1,132
Cashflow
Cash Flow
$2,188 income − $3,320 expenses = $1,132 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,188
Total Expenses
$3,320
Mortgage P&I
75%
$1,636
Property Taxes
46%
$1,011
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0