This property looks like a bad Long-Term investment with a projected -8.92% first-year return on $64,029 initial cash invested.
-8.92%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$1,877
Rent
-$476
Cashflow
Cash Flow
$1,877 income − $2,353 expenses = $476 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,029
Downpayment
20%
$60,980
Closing costs
1%
$3,049
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,877
Total Expenses
$2,353
Mortgage P&I
89%
$1,666
Property Taxes
5%
$91
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0