This property looks like a bad Long-Term investment with a projected -7.67% first-year return on $63,210 initial cash invested.
-7.67%
Cash On Cash
5.21%
Cap Rate
0.81
DSCR
$2,093
Rent
-$404
Cashflow
Cash Flow
$2,093 income − $2,497 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,210
Downpayment
20%
$60,200
Closing costs
1%
$3,010
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,093
Total Expenses
$2,497
Mortgage P&I
77%
$1,607
Property Taxes
11%
$234
Home Insurance
5%
$111
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0