This property looks like a bad Long-Term investment with a projected -9.83% first-year return on $63,231 initial cash invested.
-9.83%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$1,898
Rent
-$518
Cashflow
Cash Flow
$1,898 income − $2,416 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,231
Downpayment
20%
$60,220
Closing costs
1%
$3,011
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,898
Total Expenses
$2,416
Mortgage P&I
88%
$1,667
Property Taxes
7%
$138
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0