This property looks like a bad Long-Term investment with a projected -12.51% first-year return on $63,483 initial cash invested.
-12.51%
Cash On Cash
4.53%
Cap Rate
0.67
DSCR
$1,972
Rent
-$662
Cashflow
Cash Flow
$1,972 income − $2,634 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,483
Downpayment
20%
$60,460
Closing costs
1%
$3,023
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,972
Total Expenses
$2,634
Mortgage P&I
86%
$1,704
Property Taxes
16%
$310
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0