This property looks like a bad Long-Term investment with a projected -12.65% first-year return on $63,672 initial cash invested.
-12.65%
Cash On Cash
4.46%
Cap Rate
0.66
DSCR
$1,785
Rent
-$671
Cashflow
Cash Flow
$1,785 income − $2,456 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,672
Downpayment
20%
$60,640
Closing costs
1%
$3,032
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,785
Total Expenses
$2,456
Mortgage P&I
96%
$1,709
Property Taxes
11%
$196
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0