This property looks like a bad Long-Term investment with a projected -3.08% first-year return on $64,281 initial cash invested.
-3.08%
Cash On Cash
6.43%
Cap Rate
0.98
DSCR
$2,603
Rent
-$165
Cashflow
Cash Flow
$2,603 income − $2,768 expenses = $165 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,281
Downpayment
20%
$61,220
Closing costs
1%
$3,061
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,603
Total Expenses
$2,768
Mortgage P&I
64%
$1,675
Property Taxes
11%
$277
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0