This property looks like a bad Long-Term investment with a projected -1.85% first-year return on $63,483 initial cash invested.
-1.85%
Cash On Cash
6.61%
Cap Rate
1.02
DSCR
$2,572
Rent
-$98
Cashflow
Cash Flow
$2,572 income − $2,670 expenses = $98 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,483
Downpayment
20%
$60,460
Closing costs
1%
$3,023
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,572
Total Expenses
$2,670
Mortgage P&I
64%
$1,635
Property Taxes
12%
$296
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0