This property looks like a bad Long-Term investment with a projected -6.9% first-year return on $63,504 initial cash invested.
-6.9%
Cash On Cash
5.63%
Cap Rate
0.85
DSCR
$2,284
Rent
-$365
Cashflow
Cash Flow
$2,284 income − $2,649 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,504
Downpayment
20%
$60,480
Closing costs
1%
$3,024
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,284
Total Expenses
$2,649
Mortgage P&I
73%
$1,671
Property Taxes
11%
$260
Home Insurance
5%
$107
HOA
1%
$18
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0