This property looks like a bad Long-Term investment with a projected -9.56% first-year return on $63,483 initial cash invested.
-9.56%
Cash On Cash
4.56%
Cap Rate
0.73
DSCR
$1,677
Rent
-$506
Cashflow
Cash Flow
$1,677 income − $2,183 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,483
Downpayment
20%
$60,460
Closing costs
1%
$3,023
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,677
Total Expenses
$2,183
Mortgage P&I
94%
$1,571
Property Taxes
4%
$67
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0