This property looks like a bad Long-Term investment with a projected -17.58% first-year return on $63,273 initial cash invested.
-17.58%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$1,990
Rent
-$927
Cashflow
Cash Flow
$1,990 income − $2,917 expenses = $927 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,273
Downpayment
20%
$60,260
Closing costs
1%
$3,013
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,990
Total Expenses
$2,917
Mortgage P&I
78%
$1,556
Property Taxes
35%
$698
Home Insurance
5%
$107
HOA
2%
$38
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0