This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $64,029 initial cash invested.
-16.17%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$1,590
Rent
-$863
Cashflow
Cash Flow
$1,590 income − $2,453 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,029
Downpayment
20%
$60,980
Closing costs
1%
$3,049
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,590
Total Expenses
$2,453
Mortgage P&I
105%
$1,671
Property Taxes
15%
$238
Home Insurance
7%
$107
HOA
1%
$23
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0