This property looks like a bad Long-Term investment with a projected -5.85% first-year return on $64,155 initial cash invested.
-5.85%
Cash On Cash
5.71%
Cap Rate
0.88
DSCR
$2,341
Rent
-$313
Cashflow
Cash Flow
$2,341 income − $2,654 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,155
Downpayment
20%
$61,100
Closing costs
1%
$3,055
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,341
Total Expenses
$2,654
Mortgage P&I
70%
$1,649
Property Taxes
12%
$289
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0