This property looks like a bad Long-Term investment with a projected -9.6% first-year return on $63,525 initial cash invested.
-9.6%
Cash On Cash
4.83%
Cap Rate
0.76
DSCR
$2,314
Rent
-$508
Cashflow
Cash Flow
$2,314 income − $2,822 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,525
Downpayment
20%
$60,500
Closing costs
1%
$3,025
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,314
Total Expenses
$2,822
Mortgage P&I
70%
$1,610
Property Taxes
16%
$378
Home Insurance
5%
$107
HOA
5%
$125
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0