This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $64,050 initial cash invested.
-14.11%
Cash On Cash
3.8%
Cap Rate
0.59
DSCR
$1,696
Rent
-$753
Cashflow
Cash Flow
$1,696 income − $2,449 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,050
Downpayment
20%
$61,000
Closing costs
1%
$3,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,696
Total Expenses
$2,449
Mortgage P&I
96%
$1,635
Property Taxes
16%
$265
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0