This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $64,050 initial cash invested.
-8.28%
Cash On Cash
5.21%
Cap Rate
0.8
DSCR
$2,185
Rent
-$442
Cashflow
Cash Flow
$2,185 income − $2,627 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,050
Downpayment
20%
$61,000
Closing costs
1%
$3,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,185
Total Expenses
$2,627
Mortgage P&I
76%
$1,658
Property Taxes
14%
$295
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0