This property looks like a bad Long-Term investment with a projected -18.1% first-year return on $63,630 initial cash invested.
-18.1%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$1,731
Rent
-$960
Cashflow
Cash Flow
$1,731 income − $2,691 expenses = $960 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,731
Total Expenses
$2,691
Mortgage P&I
93%
$1,617
Property Taxes
30%
$516
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0