This property looks like a bad Long-Term investment with a projected -7.95% first-year return on $62,349 initial cash invested.
-7.95%
Cash On Cash
5.25%
Cap Rate
0.82
DSCR
$2,368
Rent
-$413
Cashflow
Cash Flow
$2,368 income − $2,781 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,349
Downpayment
20%
$59,380
Closing costs
1%
$2,969
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,368
Total Expenses
$2,781
Mortgage P&I
67%
$1,595
Property Taxes
20%
$475
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0