This property looks like a bad Long-Term investment with a projected -8.64% first-year return on $62,475 initial cash invested.
-8.64%
Cash On Cash
5.18%
Cap Rate
0.79
DSCR
$1,994
Rent
-$450
Cashflow
Cash Flow
$1,994 income − $2,444 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,475
Downpayment
20%
$59,500
Closing costs
1%
$2,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,994
Total Expenses
$2,444
Mortgage P&I
82%
$1,633
Property Taxes
9%
$187
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0