This property looks like a bad Long-Term investment with a projected -13.87% first-year return on $63,756 initial cash invested.
-13.87%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$1,748
Rent
-$737
Cashflow
Cash Flow
$1,748 income − $2,485 expenses = $737 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,756
Downpayment
20%
$60,720
Closing costs
1%
$3,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,748
Total Expenses
$2,485
Mortgage P&I
95%
$1,662
Property Taxes
15%
$259
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0