This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $63,882 initial cash invested.
-14.5%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$1,648
Rent
-$772
Cashflow
Cash Flow
$1,648 income − $2,420 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,882
Downpayment
20%
$60,840
Closing costs
1%
$3,042
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,648
Total Expenses
$2,420
Mortgage P&I
100%
$1,650
Property Taxes
14%
$237
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0