This property looks like a bad Long-Term investment with a projected -3.52% first-year return on $64,008 initial cash invested.
-3.52%
Cash On Cash
5.86%
Cap Rate
0.96
DSCR
$2,598
Rent
-$188
Cashflow
Cash Flow
$2,598 income − $2,786 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,008
Downpayment
20%
$60,960
Closing costs
1%
$3,048
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,598
Total Expenses
$2,786
Mortgage P&I
60%
$1,547
Property Taxes
18%
$458
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0