This property looks like a bad Long-Term investment with a projected -15.51% first-year return on $63,756 initial cash invested.
-15.51%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$1,363
Rent
-$824
Cashflow
Cash Flow
$1,363 income − $2,187 expenses = $824 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,756
Downpayment
20%
$60,720
Closing costs
1%
$3,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,363
Total Expenses
$2,187
Mortgage P&I
122%
$1,668
Property Taxes
4%
$53
Home Insurance
8%
$112
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0