This property looks like a bad Long-Term investment with a projected -24.98% first-year return on $63,735 initial cash invested.
-24.98%
Cash On Cash
1.51%
Cap Rate
0.23
DSCR
$832
Rent
-$1,327
Cashflow
Cash Flow
$832 income − $2,159 expenses = $1,327 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,735
Downpayment
20%
$60,700
Closing costs
1%
$3,035
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$832
Total Expenses
$2,159
Mortgage P&I
200%
$1,666
Property Taxes
20%
$169
Home Insurance
13%
$107
HOA
0%
$0
Property Management
10%
$83
CapEx
5%
$42
Vacancy
6%
$50
Maintenance
5%
$42
Other
0%
$0