This property looks like a bad Long-Term investment with a projected -14.15% first-year return on $63,588 initial cash invested.
-14.15%
Cash On Cash
3.96%
Cap Rate
0.6
DSCR
$1,774
Rent
-$750
Cashflow
Cash Flow
$1,774 income − $2,524 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,588
Downpayment
20%
$60,560
Closing costs
1%
$3,028
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,774
Total Expenses
$2,524
Mortgage P&I
94%
$1,660
Property Taxes
17%
$295
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0