This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $62,118 initial cash invested.
-16.46%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$1,669
Rent
-$852
Cashflow
Cash Flow
$1,669 income − $2,521 expenses = $852 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,118
Downpayment
20%
$59,160
Closing costs
1%
$2,958
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,669
Total Expenses
$2,521
Mortgage P&I
98%
$1,634
Property Taxes
21%
$347
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0