This property looks like a bad Long-Term investment with a projected -10.57% first-year return on $63,924 initial cash invested.
-10.57%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$2,167
Rent
-$563
Cashflow
Cash Flow
$2,167 income − $2,730 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,924
Downpayment
20%
$60,880
Closing costs
1%
$3,044
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,167
Total Expenses
$2,730
Mortgage P&I
77%
$1,667
Property Taxes
18%
$392
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0