This property looks like a bad Long-Term investment with a projected -10.87% first-year return on $64,008 initial cash invested.
-10.87%
Cash On Cash
4.69%
Cap Rate
0.71
DSCR
$2,069
Rent
-$580
Cashflow
Cash Flow
$2,069 income − $2,649 expenses = $580 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,069
Total Expenses
$2,649
Mortgage P&I
81%
$1,667
Property Taxes
11%
$228
Home Insurance
9%
$196
HOA
1%
$21
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0