This property looks like a bad Long-Term investment with a projected -10.92% first-year return on $62,433 initial cash invested.
-10.92%
Cash On Cash
4.41%
Cap Rate
0.7
DSCR
$1,829
Rent
-$568
Cashflow
Cash Flow
$1,829 income − $2,397 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,829
Total Expenses
$2,397
Mortgage P&I
86%
$1,569
Property Taxes
13%
$239
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0