This property looks like a bad Long-Term investment with a projected -14.77% first-year return on $64,344 initial cash invested.
-14.77%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$1,724
Rent
-$792
Cashflow
Cash Flow
$1,724 income − $2,516 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,344
Downpayment
20%
$61,280
Closing costs
1%
$3,064
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,724
Total Expenses
$2,516
Mortgage P&I
99%
$1,705
Property Taxes
15%
$256
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0