This property looks like a bad Long-Term investment with a projected -4.12% first-year return on $63,210 initial cash invested.
-4.12%
Cash On Cash
5.88%
Cap Rate
0.94
DSCR
$2,612
Rent
-$217
Cashflow
Cash Flow
$2,612 income − $2,829 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,210
Downpayment
20%
$60,200
Closing costs
1%
$3,010
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,612
Total Expenses
$2,829
Mortgage P&I
60%
$1,560
Property Taxes
18%
$475
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0