This property looks like a bad Long-Term investment with a projected -17.32% first-year return on $64,155 initial cash invested.
-17.32%
Cash On Cash
3.44%
Cap Rate
0.51
DSCR
$2,009
Rent
-$926
Cashflow
Cash Flow
$2,009 income − $2,935 expenses = $926 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,155
Downpayment
20%
$61,100
Closing costs
1%
$3,055
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,009
Total Expenses
$2,935
Mortgage P&I
85%
$1,701
Property Taxes
30%
$601
Home Insurance
6%
$111
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0