This property looks like a bad Long-Term investment with a projected -8.79% first-year return on $63,357 initial cash invested.
-8.79%
Cash On Cash
4.62%
Cap Rate
0.76
DSCR
$1,782
Rent
-$464
Cashflow
Cash Flow
$1,782 income − $2,246 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,782
Total Expenses
$2,246
Mortgage P&I
86%
$1,537
Property Taxes
7%
$132
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0