This property looks like a bad Long-Term investment with a projected -11.24% first-year return on $62,790 initial cash invested.
-11.24%
Cash On Cash
4.17%
Cap Rate
0.68
DSCR
$2,019
Rent
-$588
Cashflow
Cash Flow
$2,019 income − $2,607 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,019
Total Expenses
$2,607
Mortgage P&I
76%
$1,527
Property Taxes
22%
$450
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0