This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $63,903 initial cash invested.
-13.82%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$2,006
Rent
-$736
Cashflow
Cash Flow
$2,006 income − $2,742 expenses = $736 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,903
Downpayment
20%
$60,860
Closing costs
1%
$3,043
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,006
Total Expenses
$2,742
Mortgage P&I
83%
$1,671
Property Taxes
22%
$436
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0