This property looks like a bad Long-Term investment with a projected -9.57% first-year return on $63,966 initial cash invested.
-9.57%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$1,926
Rent
-$510
Cashflow
Cash Flow
$1,926 income − $2,436 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,966
Downpayment
20%
$60,920
Closing costs
1%
$3,046
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,926
Total Expenses
$2,436
Mortgage P&I
87%
$1,669
Property Taxes
7%
$140
Home Insurance
6%
$108
HOA
1%
$18
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0