This property looks like a bad Long-Term investment with a projected -12.33% first-year return on $62,097 initial cash invested.
-12.33%
Cash On Cash
4.16%
Cap Rate
0.65
DSCR
$1,830
Rent
-$638
Cashflow
Cash Flow
$1,830 income − $2,468 expenses = $638 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,097
Downpayment
20%
$59,140
Closing costs
1%
$2,957
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,830
Total Expenses
$2,468
Mortgage P&I
86%
$1,572
Property Taxes
17%
$314
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0