This property looks like a bad Long-Term investment with a projected -14.53% first-year return on $62,370 initial cash invested.
-14.53%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$1,856
Rent
-$755
Cashflow
Cash Flow
$1,856 income − $2,611 expenses = $755 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,370
Downpayment
20%
$59,400
Closing costs
1%
$2,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,856
Total Expenses
$2,611
Mortgage P&I
88%
$1,639
Property Taxes
20%
$367
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0