This property looks like a bad Long-Term investment with a projected -6.74% first-year return on $62,454 initial cash invested.
-6.74%
Cash On Cash
5.27%
Cap Rate
0.84
DSCR
$2,229
Rent
-$351
Cashflow
Cash Flow
$2,229 income − $2,580 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,454
Downpayment
20%
$59,480
Closing costs
1%
$2,974
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,229
Total Expenses
$2,580
Mortgage P&I
69%
$1,546
Property Taxes
16%
$350
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0