This property looks like a bad Long-Term investment with a projected -5.78% first-year return on $63,714 initial cash invested.
-5.78%
Cash On Cash
5.55%
Cap Rate
0.88
DSCR
$2,347
Rent
-$307
Cashflow
Cash Flow
$2,347 income − $2,654 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,347
Total Expenses
$2,654
Mortgage P&I
68%
$1,594
Property Taxes
15%
$342
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0