This property looks like a bad Long-Term investment with a projected -8.22% first-year return on $63,651 initial cash invested.
-8.22%
Cash On Cash
5.53%
Cap Rate
0.82
DSCR
$2,777
Rent
-$436
Cashflow
Cash Flow
$2,777 income − $3,213 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,651
Downpayment
20%
$60,620
Closing costs
1%
$3,031
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,777
Total Expenses
$3,213
Mortgage P&I
61%
$1,695
Property Taxes
25%
$688
Home Insurance
4%
$107
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0