This property looks like a bad Long-Term investment with a projected -2.4% first-year return on $63,105 initial cash invested.
-2.4%
Cash On Cash
6.44%
Cap Rate
1
DSCR
$2,590
Rent
-$126
Cashflow
Cash Flow
$2,590 income − $2,716 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,105
Downpayment
20%
$60,100
Closing costs
1%
$3,005
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,590
Total Expenses
$2,716
Mortgage P&I
62%
$1,609
Property Taxes
13%
$328
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0