This property looks like a bad Long-Term investment with a projected -11.72% first-year return on $64,071 initial cash invested.
-11.72%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$1,893
Rent
-$626
Cashflow
Cash Flow
$1,893 income − $2,519 expenses = $626 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,071
Downpayment
20%
$61,020
Closing costs
1%
$3,051
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,893
Total Expenses
$2,519
Mortgage P&I
88%
$1,673
Property Taxes
10%
$187
Home Insurance
6%
$116
HOA
3%
$50
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0