This property looks like a bad Long-Term investment with a projected -18.09% first-year return on $63,399 initial cash invested.
-18.09%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$2,438
Rent
-$956
Cashflow
Cash Flow
$2,438 income − $3,394 expenses = $956 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,399
Downpayment
20%
$60,380
Closing costs
1%
$3,019
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,438
Total Expenses
$3,394
Mortgage P&I
68%
$1,658
Property Taxes
36%
$883
Home Insurance
4%
$108
HOA
5%
$111
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0