This property looks like a bad Long-Term investment with a projected -13.66% first-year return on $64,323 initial cash invested.
-13.66%
Cash On Cash
4.14%
Cap Rate
0.62
DSCR
$1,555
Rent
-$732
Cashflow
Cash Flow
$1,555 income − $2,287 expenses = $732 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,323
Downpayment
20%
$61,260
Closing costs
1%
$3,063
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,555
Total Expenses
$2,287
Mortgage P&I
110%
$1,712
Property Taxes
4%
$60
Home Insurance
7%
$110
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0