This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $63,861 initial cash invested.
-11.91%
Cash On Cash
4.51%
Cap Rate
0.68
DSCR
$1,963
Rent
-$634
Cashflow
Cash Flow
$1,963 income − $2,597 expenses = $634 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,861
Downpayment
20%
$60,820
Closing costs
1%
$3,041
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,963
Total Expenses
$2,597
Mortgage P&I
85%
$1,678
Property Taxes
12%
$229
Home Insurance
6%
$108
HOA
4%
$72
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0