This property looks like a bad Long-Term investment with a projected -7.44% first-year return on $63,714 initial cash invested.
-7.44%
Cash On Cash
5.32%
Cap Rate
0.83
DSCR
$2,421
Rent
-$395
Cashflow
Cash Flow
$2,421 income − $2,816 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,714
Downpayment
20%
$60,680
Closing costs
1%
$3,034
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,421
Total Expenses
$2,816
Mortgage P&I
67%
$1,618
Property Taxes
19%
$461
Home Insurance
4%
$108
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0