This property looks like a bad Long-Term investment with a projected -3.67% first-year return on $63,357 initial cash invested.
-3.67%
Cash On Cash
6.26%
Cap Rate
0.95
DSCR
$2,317
Rent
-$194
Cashflow
Cash Flow
$2,317 income − $2,511 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,357
Downpayment
20%
$60,340
Closing costs
1%
$3,017
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,317
Total Expenses
$2,511
Mortgage P&I
71%
$1,653
Property Taxes
5%
$110
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0