This property looks like a bad Long-Term investment with a projected -9.73% first-year return on $62,559 initial cash invested.
-9.73%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$1,927
Rent
-$507
Cashflow
Cash Flow
$1,927 income − $2,434 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,559
Downpayment
20%
$59,580
Closing costs
1%
$2,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,927
Total Expenses
$2,434
Mortgage P&I
84%
$1,628
Property Taxes
9%
$175
Home Insurance
6%
$108
HOA
1%
$22
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0