This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $63,693 initial cash invested.
-7.22%
Cash On Cash
5.06%
Cap Rate
0.82
DSCR
$2,178
Rent
-$383
Cashflow
Cash Flow
$2,178 income − $2,561 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,693
Downpayment
20%
$60,660
Closing costs
1%
$3,033
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,178
Total Expenses
$2,561
Mortgage P&I
71%
$1,552
Property Taxes
15%
$335
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0