This property looks like a bad Long-Term investment with a projected -8.68% first-year return on $63,987 initial cash invested.
-8.68%
Cash On Cash
4.77%
Cap Rate
0.77
DSCR
$1,984
Rent
-$463
Cashflow
Cash Flow
$1,984 income − $2,447 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,987
Downpayment
20%
$60,940
Closing costs
1%
$3,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,984
Total Expenses
$2,447
Mortgage P&I
79%
$1,574
Property Taxes
12%
$241
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0