This property looks like a bad Long-Term investment with a projected -14.03% first-year return on $63,819 initial cash invested.
-14.03%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$2,077
Rent
-$746
Cashflow
Cash Flow
$2,077 income − $2,823 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,819
Downpayment
20%
$60,780
Closing costs
1%
$3,039
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,077
Total Expenses
$2,823
Mortgage P&I
80%
$1,663
Property Taxes
25%
$528
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0