This property looks like a bad Long-Term investment with a projected -4.54% first-year return on $63,756 initial cash invested.
-4.54%
Cash On Cash
6.31%
Cap Rate
0.93
DSCR
$2,449
Rent
-$241
Cashflow
Cash Flow
$2,449 income − $2,690 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,756
Downpayment
20%
$60,720
Closing costs
1%
$3,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,449
Total Expenses
$2,690
Mortgage P&I
70%
$1,716
Property Taxes
10%
$250
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0