This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $63,882 initial cash invested.
-11.85%
Cash On Cash
4.06%
Cap Rate
0.65
DSCR
$1,582
Rent
-$631
Cashflow
Cash Flow
$1,582 income − $2,213 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,882
Downpayment
20%
$60,840
Closing costs
1%
$3,042
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,582
Total Expenses
$2,213
Mortgage P&I
100%
$1,580
Property Taxes
5%
$75
Home Insurance
9%
$147
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0