This property looks like a bad Long-Term investment with a projected -11.08% first-year return on $64,218 initial cash invested.
-11.08%
Cash On Cash
4.64%
Cap Rate
0.7
DSCR
$1,813
Rent
-$593
Cashflow
Cash Flow
$1,813 income − $2,406 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,218
Downpayment
20%
$61,160
Closing costs
1%
$3,058
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,813
Total Expenses
$2,406
Mortgage P&I
93%
$1,685
Property Taxes
6%
$110
Home Insurance
7%
$120
HOA
1%
$19
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0