This property looks like a bad Long-Term investment with a projected -1.48% first-year return on $62,412 initial cash invested.
-1.48%
Cash On Cash
6.5%
Cap Rate
1.03
DSCR
$2,364
Rent
-$77
Cashflow
Cash Flow
$2,364 income − $2,441 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,412
Downpayment
20%
$59,440
Closing costs
1%
$2,972
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,364
Total Expenses
$2,441
Mortgage P&I
66%
$1,570
Property Taxes
6%
$150
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0