This property looks like a bad Long-Term investment with a projected -9.1% first-year return on $63,924 initial cash invested.
-9.1%
Cash On Cash
5.11%
Cap Rate
0.77
DSCR
$1,858
Rent
-$485
Cashflow
Cash Flow
$1,858 income − $2,343 expenses = $485 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,924
Downpayment
20%
$60,880
Closing costs
1%
$3,044
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,858
Total Expenses
$2,343
Mortgage P&I
91%
$1,688
Property Taxes
4%
$67
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0