This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $63,336 initial cash invested.
-12.18%
Cash On Cash
4.43%
Cap Rate
0.67
DSCR
$2,144
Rent
-$643
Cashflow
Cash Flow
$2,144 income − $2,787 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,336
Downpayment
20%
$60,320
Closing costs
1%
$3,016
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,144
Total Expenses
$2,787
Mortgage P&I
77%
$1,649
Property Taxes
19%
$415
Home Insurance
8%
$166
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0