This property looks like a bad Long-Term investment with a projected -10.98% first-year return on $64,134 initial cash invested.
-10.98%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$1,796
Rent
-$587
Cashflow
Cash Flow
$1,796 income − $2,383 expenses = $587 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,134
Downpayment
20%
$61,080
Closing costs
1%
$3,054
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,796
Total Expenses
$2,383
Mortgage P&I
92%
$1,660
Property Taxes
8%
$147
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0