This property looks like a bad Long-Term investment with a projected -1.25% first-year return on $64,260 initial cash invested.
-1.25%
Cash On Cash
6.73%
Cap Rate
1.03
DSCR
$2,353
Rent
-$67
Cashflow
Cash Flow
$2,353 income − $2,420 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,260
Downpayment
20%
$61,200
Closing costs
1%
$3,060
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,353
Total Expenses
$2,420
Mortgage P&I
71%
$1,665
Property Taxes
1%
$35
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0