This property looks like a bad Long-Term investment with a projected -5.6% first-year return on $62,517 initial cash invested.
-5.6%
Cash On Cash
5.91%
Cap Rate
0.89
DSCR
$2,289
Rent
-$292
Cashflow
Cash Flow
$2,289 income − $2,581 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,517
Downpayment
20%
$59,540
Closing costs
1%
$2,977
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,289
Total Expenses
$2,581
Mortgage P&I
72%
$1,645
Property Taxes
6%
$147
Home Insurance
5%
$105
HOA
4%
$90
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0