This property looks like a bad Long-Term investment with a projected -13.42% first-year return on $63,126 initial cash invested.
-13.42%
Cash On Cash
4.22%
Cap Rate
0.63
DSCR
$1,938
Rent
-$706
Cashflow
Cash Flow
$1,938 income − $2,644 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,126
Downpayment
20%
$60,120
Closing costs
1%
$3,006
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,938
Total Expenses
$2,644
Mortgage P&I
86%
$1,667
Property Taxes
19%
$366
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0