This property looks like a bad Long-Term investment with a projected -9.91% first-year return on $63,462 initial cash invested.
-9.91%
Cash On Cash
4.88%
Cap Rate
0.75
DSCR
$2,202
Rent
-$524
Cashflow
Cash Flow
$2,202 income − $2,726 expenses = $524 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,462
Downpayment
20%
$60,440
Closing costs
1%
$3,022
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,202
Total Expenses
$2,726
Mortgage P&I
75%
$1,642
Property Taxes
12%
$257
Home Insurance
5%
$100
HOA
7%
$155
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0