This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $64,092 initial cash invested.
-11.8%
Cash On Cash
4.51%
Cap Rate
0.68
DSCR
$1,901
Rent
-$630
Cashflow
Cash Flow
$1,901 income − $2,531 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,092
Downpayment
20%
$61,040
Closing costs
1%
$3,052
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,901
Total Expenses
$2,531
Mortgage P&I
88%
$1,682
Property Taxes
13%
$253
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0