This property looks like a bad Long-Term investment with a projected -7.11% first-year return on $62,790 initial cash invested.
-7.11%
Cash On Cash
5.54%
Cap Rate
0.84
DSCR
$2,089
Rent
-$372
Cashflow
Cash Flow
$2,089 income − $2,461 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,089
Total Expenses
$2,461
Mortgage P&I
79%
$1,649
Property Taxes
8%
$165
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0