This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $64,008 initial cash invested.
-8.21%
Cash On Cash
5.1%
Cap Rate
0.79
DSCR
$2,058
Rent
-$438
Cashflow
Cash Flow
$2,058 income − $2,496 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,008
Downpayment
20%
$60,960
Closing costs
1%
$3,048
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,058
Total Expenses
$2,496
Mortgage P&I
79%
$1,630
Property Taxes
11%
$223
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0