This property looks like a bad Long-Term investment with a projected -14.27% first-year return on $63,903 initial cash invested.
-14.27%
Cash On Cash
3.59%
Cap Rate
0.57
DSCR
$1,669
Rent
-$760
Cashflow
Cash Flow
$1,669 income − $2,429 expenses = $760 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,903
Downpayment
20%
$60,860
Closing costs
1%
$3,043
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,669
Total Expenses
$2,429
Mortgage P&I
95%
$1,587
Property Taxes
18%
$301
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0