This property looks like a bad Long-Term investment with a projected -13.12% first-year return on $63,315 initial cash invested.
-13.12%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$1,885
Rent
-$692
Cashflow
Cash Flow
$1,885 income − $2,577 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,315
Downpayment
20%
$60,300
Closing costs
1%
$3,015
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,885
Total Expenses
$2,577
Mortgage P&I
88%
$1,662
Property Taxes
17%
$324
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0