This property looks like a bad Long-Term investment with a projected -9.49% first-year return on $62,832 initial cash invested.
-9.49%
Cash On Cash
5.14%
Cap Rate
0.77
DSCR
$2,326
Rent
-$497
Cashflow
Cash Flow
$2,326 income − $2,823 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,832
Downpayment
20%
$59,840
Closing costs
1%
$2,992
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,326
Total Expenses
$2,823
Mortgage P&I
71%
$1,662
Property Taxes
19%
$448
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0