This property looks like a bad Long-Term investment with a projected -4.52% first-year return on $63,210 initial cash invested.
-4.52%
Cash On Cash
5.77%
Cap Rate
0.92
DSCR
$2,360
Rent
-$238
Cashflow
Cash Flow
$2,360 income − $2,598 expenses = $238 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,210
Downpayment
20%
$60,200
Closing costs
1%
$3,010
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,360
Total Expenses
$2,598
Mortgage P&I
66%
$1,568
Property Taxes
13%
$311
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0