This property looks like a bad Long-Term investment with a projected -8.71% first-year return on $63,945 initial cash invested.
-8.71%
Cash On Cash
5.1%
Cap Rate
0.78
DSCR
$2,023
Rent
-$464
Cashflow
Cash Flow
$2,023 income − $2,487 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,945
Downpayment
20%
$60,900
Closing costs
1%
$3,045
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,023
Total Expenses
$2,487
Mortgage P&I
82%
$1,658
Property Taxes
9%
$183
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0