This property looks like a bad Long-Term investment with a projected -9.05% first-year return on $64,323 initial cash invested.
-9.05%
Cash On Cash
5.11%
Cap Rate
0.78
DSCR
$2,156
Rent
-$485
Cashflow
Cash Flow
$2,156 income − $2,641 expenses = $485 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,323
Downpayment
20%
$61,260
Closing costs
1%
$3,063
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,156
Total Expenses
$2,641
Mortgage P&I
78%
$1,682
Property Taxes
10%
$214
Home Insurance
9%
$184
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0