This property looks like a bad Long-Term investment with a projected -11.4% first-year return on $63,588 initial cash invested.
-11.4%
Cash On Cash
4.13%
Cap Rate
0.66
DSCR
$1,545
Rent
-$604
Cashflow
Cash Flow
$1,545 income − $2,149 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,588
Downpayment
20%
$60,560
Closing costs
1%
$3,028
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,545
Total Expenses
$2,149
Mortgage P&I
102%
$1,570
Property Taxes
5%
$70
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0