This property looks like a bad Long-Term investment with a projected -7.01% first-year return on $64,050 initial cash invested.
-7.01%
Cash On Cash
5.06%
Cap Rate
0.82
DSCR
$1,958
Rent
-$374
Cashflow
Cash Flow
$1,958 income − $2,332 expenses = $374 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,958
Total Expenses
$2,332
Mortgage P&I
80%
$1,562
Property Taxes
8%
$153
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0