This property looks like a bad Long-Term investment with a projected -7.05% first-year return on $63,966 initial cash invested.
-7.05%
Cash On Cash
5.44%
Cap Rate
0.84
DSCR
$2,265
Rent
-$376
Cashflow
Cash Flow
$2,265 income − $2,641 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,265
Total Expenses
$2,641
Mortgage P&I
73%
$1,644
Property Taxes
14%
$306
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0