This property looks like a bad Long-Term investment with a projected -5.18% first-year return on $63,210 initial cash invested.
-5.18%
Cash On Cash
5.82%
Cap Rate
0.9
DSCR
$2,363
Rent
-$273
Cashflow
Cash Flow
$2,363 income − $2,636 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,210
Downpayment
20%
$60,200
Closing costs
1%
$3,010
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,363
Total Expenses
$2,636
Mortgage P&I
68%
$1,615
Property Taxes
13%
$296
Home Insurance
5%
$111
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0