This property looks like a bad Long-Term investment with a projected -8.63% first-year return on $63,420 initial cash invested.
-8.63%
Cash On Cash
5.41%
Cap Rate
0.8
DSCR
$2,210
Rent
-$456
Cashflow
Cash Flow
$2,210 income − $2,666 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,420
Downpayment
20%
$60,400
Closing costs
1%
$3,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,210
Total Expenses
$2,666
Mortgage P&I
77%
$1,708
Property Taxes
14%
$310
Home Insurance
3%
$74
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0