This property looks like a bad Long-Term investment with a projected -3.92% first-year return on $63,609 initial cash invested.
-3.92%
Cash On Cash
5.72%
Cap Rate
0.94
DSCR
$2,162
Rent
-$208
Cashflow
Cash Flow
$2,162 income − $2,370 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,609
Downpayment
20%
$60,580
Closing costs
1%
$3,029
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,162
Total Expenses
$2,370
Mortgage P&I
71%
$1,545
Property Taxes
6%
$131
Home Insurance
5%
$106
HOA
1%
$26
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0