This property looks like a bad Long-Term investment with a projected -9% first-year return on $63,714 initial cash invested.
-9%
Cash On Cash
4.68%
Cap Rate
0.77
DSCR
$2,462
Rent
-$478
Cashflow
Cash Flow
$2,462 income − $2,940 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,714
Downpayment
20%
$60,680
Closing costs
1%
$3,034
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,462
Total Expenses
$2,940
Mortgage P&I
63%
$1,539
Property Taxes
27%
$653
Home Insurance
4%
$108
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0