This property looks like a bad Long-Term investment with a projected -8.45% first-year return on $62,496 initial cash invested.
-8.45%
Cash On Cash
5.05%
Cap Rate
0.79
DSCR
$2,122
Rent
-$440
Cashflow
Cash Flow
$2,122 income − $2,562 expenses = $440 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,122
Total Expenses
$2,562
Mortgage P&I
75%
$1,587
Property Taxes
15%
$319
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0