This property looks like a bad Long-Term investment with a projected -13.09% first-year return on $63,882 initial cash invested.
-13.09%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$1,940
Rent
-$697
Cashflow
Cash Flow
$1,940 income − $2,637 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,882
Downpayment
20%
$60,840
Closing costs
1%
$3,042
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,940
Total Expenses
$2,637
Mortgage P&I
87%
$1,696
Property Taxes
17%
$329
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0