This property looks like a bad Long-Term investment with a projected -12.08% first-year return on $63,861 initial cash invested.
-12.08%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$1,658
Rent
-$643
Cashflow
Cash Flow
$1,658 income − $2,301 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,861
Downpayment
20%
$60,820
Closing costs
1%
$3,041
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,658
Total Expenses
$2,301
Mortgage P&I
99%
$1,642
Property Taxes
7%
$120
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0