This property looks like a bad Long-Term investment with a projected -19.17% first-year return on $63,357 initial cash invested.
-19.17%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$2,290
Rent
-$1,012
Cashflow
Cash Flow
$2,290 income − $3,302 expenses = $1,012 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,357
Downpayment
20%
$60,340
Closing costs
1%
$3,017
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,290
Total Expenses
$3,302
Mortgage P&I
72%
$1,657
Property Taxes
37%
$858
Home Insurance
5%
$108
HOA
4%
$85
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0