This property looks like a bad Long-Term investment with a projected -12.72% first-year return on $63,609 initial cash invested.
-12.72%
Cash On Cash
4.1%
Cap Rate
0.64
DSCR
$1,831
Rent
-$674
Cashflow
Cash Flow
$1,831 income − $2,505 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,609
Downpayment
20%
$60,580
Closing costs
1%
$3,029
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,831
Total Expenses
$2,505
Mortgage P&I
88%
$1,617
Property Taxes
16%
$289
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0