This property looks like a bad Long-Term investment with a projected -8.25% first-year return on $63,714 initial cash invested.
-8.25%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,304
Rent
-$438
Cashflow
Cash Flow
$2,304 income − $2,742 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,304
Total Expenses
$2,742
Mortgage P&I
73%
$1,671
Property Taxes
16%
$363
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0