This property looks like a bad Long-Term investment with a projected -7.85% first-year return on $63,273 initial cash invested.
-7.85%
Cash On Cash
5.46%
Cap Rate
0.82
DSCR
$2,424
Rent
-$414
Cashflow
Cash Flow
$2,424 income − $2,838 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,273
Downpayment
20%
$60,260
Closing costs
1%
$3,013
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,424
Total Expenses
$2,838
Mortgage P&I
69%
$1,665
Property Taxes
18%
$448
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0