This property looks like a bad Long-Term investment with a projected -4.46% first-year return on $62,664 initial cash invested.
-4.46%
Cash On Cash
5.89%
Cap Rate
0.93
DSCR
$2,318
Rent
-$233
Cashflow
Cash Flow
$2,318 income − $2,551 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,664
Downpayment
20%
$59,680
Closing costs
1%
$2,984
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,318
Total Expenses
$2,551
Mortgage P&I
68%
$1,581
Property Taxes
11%
$245
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0