This property looks like a bad Long-Term investment with a projected -9.41% first-year return on $64,134 initial cash invested.
-9.41%
Cash On Cash
4.87%
Cap Rate
0.75
DSCR
$1,920
Rent
-$503
Cashflow
Cash Flow
$1,920 income − $2,423 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,134
Downpayment
20%
$61,080
Closing costs
1%
$3,054
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,920
Total Expenses
$2,423
Mortgage P&I
86%
$1,646
Property Taxes
10%
$200
Home Insurance
4%
$68
HOA
1%
$10
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0