This property looks like a bad Long-Term investment with a projected -15.44% first-year return on $62,580 initial cash invested.
-15.44%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$1,263
Rent
-$805
Cashflow
Cash Flow
$1,263 income − $2,068 expenses = $805 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,580
Downpayment
20%
$59,600
Closing costs
1%
$2,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,263
Total Expenses
$2,068
Mortgage P&I
129%
$1,633
Property Taxes
0%
$3
Home Insurance
8%
$104
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$76
Maintenance
5%
$63
Other
0%
$0