This property looks like a bad Long-Term investment with a projected -5.97% first-year return on $63,945 initial cash invested.
-5.97%
Cash On Cash
5.98%
Cap Rate
0.88
DSCR
$2,312
Rent
-$318
Cashflow
Cash Flow
$2,312 income − $2,630 expenses = $318 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,945
Downpayment
20%
$60,900
Closing costs
1%
$3,045
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,312
Total Expenses
$2,630
Mortgage P&I
74%
$1,719
Property Taxes
9%
$202
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0