This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $64,302 initial cash invested.
-16.09%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$1,884
Rent
-$862
Cashflow
Cash Flow
$1,884 income − $2,746 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,302
Downpayment
20%
$61,240
Closing costs
1%
$3,062
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,884
Total Expenses
$2,746
Mortgage P&I
88%
$1,661
Property Taxes
26%
$486
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0