This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $63,651 initial cash invested.
-16.16%
Cash On Cash
3.65%
Cap Rate
0.55
DSCR
$1,859
Rent
-$857
Cashflow
Cash Flow
$1,859 income − $2,716 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,651
Downpayment
20%
$60,620
Closing costs
1%
$3,031
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,859
Total Expenses
$2,716
Mortgage P&I
91%
$1,687
Property Taxes
24%
$442
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0