This property looks like a bad Long-Term investment with a projected -3.44% first-year return on $64,239 initial cash invested.
-3.44%
Cash On Cash
5.96%
Cap Rate
0.96
DSCR
$2,471
Rent
-$184
Cashflow
Cash Flow
$2,471 income − $2,655 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,239
Downpayment
20%
$61,180
Closing costs
1%
$3,059
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,471
Total Expenses
$2,655
Mortgage P&I
64%
$1,580
Property Taxes
13%
$322
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0