This property looks like a bad Long-Term investment with a projected -9.24% first-year return on $63,777 initial cash invested.
-9.24%
Cash On Cash
4.95%
Cap Rate
0.77
DSCR
$2,208
Rent
-$491
Cashflow
Cash Flow
$2,208 income − $2,699 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,777
Downpayment
20%
$60,740
Closing costs
1%
$3,037
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,208
Total Expenses
$2,699
Mortgage P&I
74%
$1,634
Property Taxes
14%
$316
Home Insurance
5%
$114
HOA
3%
$62
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0