This property looks like a bad Long-Term investment with a projected -3.65% first-year return on $62,790 initial cash invested.
-3.65%
Cash On Cash
6.07%
Cap Rate
0.95
DSCR
$2,266
Rent
-$191
Cashflow
Cash Flow
$2,266 income − $2,457 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,266
Total Expenses
$2,457
Mortgage P&I
70%
$1,591
Property Taxes
8%
$172
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0