This property looks like a bad Long-Term investment with a projected -24.29% first-year return on $62,538 initial cash invested.
-24.29%
Cash On Cash
1.98%
Cap Rate
0.29
DSCR
$1,495
Rent
-$1,266
Cashflow
Cash Flow
$1,495 income − $2,761 expenses = $1,266 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,538
Downpayment
20%
$59,560
Closing costs
1%
$2,978
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,495
Total Expenses
$2,761
Mortgage P&I
113%
$1,682
Property Taxes
31%
$462
Home Insurance
8%
$122
HOA
7%
$105
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0