This property looks like a bad Long-Term investment with a projected -9.79% first-year return on $63,357 initial cash invested.
-9.79%
Cash On Cash
4.92%
Cap Rate
0.75
DSCR
$1,923
Rent
-$517
Cashflow
Cash Flow
$1,923 income − $2,440 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,357
Downpayment
20%
$60,340
Closing costs
1%
$3,017
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,923
Total Expenses
$2,440
Mortgage P&I
86%
$1,657
Property Taxes
9%
$176
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0