This property looks like a bad Long-Term investment with a projected -7.97% first-year return on $63,966 initial cash invested.
-7.97%
Cash On Cash
4.94%
Cap Rate
0.8
DSCR
$2,198
Rent
-$425
Cashflow
Cash Flow
$2,198 income − $2,623 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,966
Downpayment
20%
$60,920
Closing costs
1%
$3,046
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,198
Total Expenses
$2,623
Mortgage P&I
71%
$1,569
Property Taxes
17%
$372
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0