This property looks like a bad Long-Term investment with a projected -4.24% first-year return on $63,126 initial cash invested.
-4.24%
Cash On Cash
5.98%
Cap Rate
0.93
DSCR
$2,249
Rent
-$223
Cashflow
Cash Flow
$2,249 income − $2,472 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,126
Downpayment
20%
$60,120
Closing costs
1%
$3,006
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,249
Total Expenses
$2,472
Mortgage P&I
72%
$1,608
Property Taxes
7%
$147
Home Insurance
5%
$108
HOA
1%
$25
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0