This property looks like a bad Long-Term investment with a projected -5.26% first-year return on $63,861 initial cash invested.
-5.26%
Cash On Cash
6.14%
Cap Rate
0.92
DSCR
$2,937
Rent
-$280
Cashflow
Cash Flow
$2,937 income − $3,217 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,861
Downpayment
20%
$60,820
Closing costs
1%
$3,041
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,937
Total Expenses
$3,217
Mortgage P&I
58%
$1,689
Property Taxes
22%
$650
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0