This property looks like a bad Long-Term investment with a projected -10.9% first-year return on $63,987 initial cash invested.
-10.9%
Cash On Cash
4.26%
Cap Rate
0.69
DSCR
$1,767
Rent
-$581
Cashflow
Cash Flow
$1,767 income − $2,348 expenses = $581 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,987
Downpayment
20%
$60,940
Closing costs
1%
$3,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,767
Total Expenses
$2,348
Mortgage P&I
89%
$1,574
Property Taxes
11%
$194
Home Insurance
7%
$121
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0