This property looks like a bad Long-Term investment with a projected -9.52% first-year return on $63,504 initial cash invested.
-9.52%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$1,950
Rent
-$504
Cashflow
Cash Flow
$1,950 income − $2,454 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,504
Downpayment
20%
$60,480
Closing costs
1%
$3,024
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,950
Total Expenses
$2,454
Mortgage P&I
85%
$1,656
Property Taxes
9%
$176
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0