This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $64,029 initial cash invested.
-8.15%
Cash On Cash
5.37%
Cap Rate
0.8
DSCR
$2,084
Rent
-$435
Cashflow
Cash Flow
$2,084 income − $2,519 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,084
Total Expenses
$2,519
Mortgage P&I
81%
$1,695
Property Taxes
8%
$173
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0