This property looks like a bad Long-Term investment with a projected -11.05% first-year return on $63,315 initial cash invested.
-11.05%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$1,770
Rent
-$583
Cashflow
Cash Flow
$1,770 income − $2,353 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,315
Downpayment
20%
$60,300
Closing costs
1%
$3,015
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,770
Total Expenses
$2,353
Mortgage P&I
93%
$1,645
Property Taxes
7%
$117
Home Insurance
7%
$124
HOA
0%
$8
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0