This property looks like a bad Long-Term investment with a projected -15.13% first-year return on $63,525 initial cash invested.
-15.13%
Cash On Cash
3.74%
Cap Rate
0.57
DSCR
$1,838
Rent
-$801
Cashflow
Cash Flow
$1,838 income − $2,639 expenses = $801 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,525
Downpayment
20%
$60,500
Closing costs
1%
$3,025
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,838
Total Expenses
$2,639
Mortgage P&I
90%
$1,651
Property Taxes
22%
$405
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0