This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $62,349 initial cash invested.
-11.12%
Cash On Cash
4.14%
Cap Rate
0.67
DSCR
$1,453
Rent
-$578
Cashflow
Cash Flow
$1,453 income − $2,031 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,453
Total Expenses
$2,031
Mortgage P&I
105%
$1,530
Property Taxes
2%
$25
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0