This property looks like a bad Long-Term investment with a projected -8.69% first-year return on $63,630 initial cash invested.
-8.69%
Cash On Cash
5.17%
Cap Rate
0.79
DSCR
$2,141
Rent
-$461
Cashflow
Cash Flow
$2,141 income − $2,602 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,630
Downpayment
20%
$60,600
Closing costs
1%
$3,030
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,141
Total Expenses
$2,602
Mortgage P&I
78%
$1,660
Property Taxes
11%
$240
Home Insurance
5%
$106
HOA
2%
$40
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0