This property looks like a bad Long-Term investment with a projected -10.14% first-year return on $62,496 initial cash invested.
-10.14%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$2,471
Rent
-$528
Cashflow
Cash Flow
$2,471 income − $2,999 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,496
Downpayment
20%
$59,520
Closing costs
1%
$2,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,471
Total Expenses
$2,999
Mortgage P&I
66%
$1,639
Property Taxes
25%
$612
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0