This property looks like a bad Long-Term investment with a projected -13.04% first-year return on $64,323 initial cash invested.
-13.04%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$2,185
Rent
-$699
Cashflow
Cash Flow
$2,185 income − $2,884 expenses = $699 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,323
Downpayment
20%
$61,260
Closing costs
1%
$3,063
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,185
Total Expenses
$2,884
Mortgage P&I
78%
$1,713
Property Taxes
23%
$493
Home Insurance
5%
$111
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0