This property looks like a bad Long-Term investment with a projected -7.05% first-year return on $63,630 initial cash invested.
-7.05%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$2,121
Rent
-$374
Cashflow
Cash Flow
$2,121 income − $2,495 expenses = $374 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,630
Downpayment
20%
$60,600
Closing costs
1%
$3,030
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$2,495
Mortgage P&I
78%
$1,664
Property Taxes
8%
$164
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0