This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $63,399 initial cash invested.
-8.78%
Cash On Cash
4.66%
Cap Rate
0.76
DSCR
$1,829
Rent
-$464
Cashflow
Cash Flow
$1,829 income − $2,293 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,399
Downpayment
20%
$60,380
Closing costs
1%
$3,019
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,829
Total Expenses
$2,293
Mortgage P&I
84%
$1,545
Property Taxes
9%
$166
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0