This property looks like a bad Long-Term investment with a projected -13.71% first-year return on $63,567 initial cash invested.
-13.71%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$1,858
Rent
-$726
Cashflow
Cash Flow
$1,858 income − $2,584 expenses = $726 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,567
Downpayment
20%
$60,540
Closing costs
1%
$3,027
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,858
Total Expenses
$2,584
Mortgage P&I
88%
$1,635
Property Taxes
19%
$349
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0