This property looks like a bad Long-Term investment with a projected -7.04% first-year return on $63,273 initial cash invested.
-7.04%
Cash On Cash
5.49%
Cap Rate
0.84
DSCR
$2,094
Rent
-$371
Cashflow
Cash Flow
$2,094 income − $2,465 expenses = $371 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,273
Downpayment
20%
$60,260
Closing costs
1%
$3,013
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,094
Total Expenses
$2,465
Mortgage P&I
79%
$1,644
Property Taxes
8%
$174
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0