This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $63,672 initial cash invested.
-13.8%
Cash On Cash
4.15%
Cap Rate
0.62
DSCR
$2,043
Rent
-$732
Cashflow
Cash Flow
$2,043 income − $2,775 expenses = $732 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,672
Downpayment
20%
$60,640
Closing costs
1%
$3,032
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,043
Total Expenses
$2,775
Mortgage P&I
82%
$1,678
Property Taxes
22%
$441
Home Insurance
5%
$108
HOA
1%
$17
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0