This property looks like a bad Long-Term investment with a projected -5.71% first-year return on $64,048 initial cash invested.
-5.71%
Cash On Cash
5.51%
Cap Rate
0.87
DSCR
$2,040
Rent
-$305
Cashflow
Cash Flow
$2,040 income − $2,345 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,048
Downpayment
20%
$60,998
Closing costs
1%
$3,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,040
Total Expenses
$2,345
Mortgage P&I
79%
$1,604
Property Taxes
5%
$104
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0