This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $63,714 initial cash invested.
-13.43%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$1,819
Rent
-$713
Cashflow
Cash Flow
$1,819 income − $2,532 expenses = $713 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,819
Total Expenses
$2,532
Mortgage P&I
90%
$1,646
Property Taxes
15%
$277
Home Insurance
6%
$108
HOA
2%
$28
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0