This property looks like a bad Long-Term investment with a projected -12.52% first-year return on $63,252 initial cash invested.
-12.52%
Cash On Cash
4.08%
Cap Rate
0.65
DSCR
$2,242
Rent
-$660
Cashflow
Cash Flow
$2,242 income − $2,902 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,252
Downpayment
20%
$60,240
Closing costs
1%
$3,012
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,242
Total Expenses
$2,902
Mortgage P&I
70%
$1,573
Property Taxes
28%
$638
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0