This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $64,029 initial cash invested.
-11.79%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$1,762
Rent
-$629
Cashflow
Cash Flow
$1,762 income − $2,391 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,029
Downpayment
20%
$60,980
Closing costs
1%
$3,049
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,762
Total Expenses
$2,391
Mortgage P&I
95%
$1,669
Property Taxes
7%
$123
Home Insurance
6%
$108
HOA
2%
$33
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0