This property looks like a bad Long-Term investment with a projected -4.59% first-year return on $63,336 initial cash invested.
-4.59%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$2,316
Rent
-$242
Cashflow
Cash Flow
$2,316 income − $2,558 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,336
Downpayment
20%
$60,320
Closing costs
1%
$3,016
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,316
Total Expenses
$2,558
Mortgage P&I
71%
$1,646
Property Taxes
9%
$201
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0