This property looks like a bad Long-Term investment with a projected -9.98% first-year return on $63,336 initial cash invested.
-9.98%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$2,200
Rent
-$527
Cashflow
Cash Flow
$2,200 income − $2,727 expenses = $527 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
$2,200
Total Expenses
$2,727
Mortgage P&I
75%
$1,647
Property Taxes
18%
$398
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0