This property looks like a bad Long-Term investment with a projected -10.35% first-year return on $63,756 initial cash invested.
-10.35%
Cash On Cash
4.87%
Cap Rate
0.73
DSCR
$1,895
Rent
-$550
Cashflow
Cash Flow
$1,895 income − $2,445 expenses = $550 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,756
Downpayment
20%
$60,720
Closing costs
1%
$3,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,895
Total Expenses
$2,445
Mortgage P&I
89%
$1,686
Property Taxes
8%
$148
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0