This property looks like a bad Long-Term investment with a projected -15.23% first-year return on $62,811 initial cash invested.
-15.23%
Cash On Cash
3.78%
Cap Rate
0.57
DSCR
$1,775
Rent
-$797
Cashflow
Cash Flow
$1,775 income − $2,572 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,811
Downpayment
20%
$59,820
Closing costs
1%
$2,991
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,775
Total Expenses
$2,572
Mortgage P&I
93%
$1,651
Property Taxes
20%
$351
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0