This property looks like a bad Long-Term investment with a projected -8.83% first-year return on $63,315 initial cash invested.
-8.83%
Cash On Cash
5.07%
Cap Rate
0.79
DSCR
$2,569
Rent
-$466
Cashflow
Cash Flow
$2,569 income − $3,035 expenses = $466 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,569
Total Expenses
$3,035
Mortgage P&I
63%
$1,611
Property Taxes
25%
$652
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0