This property looks like a bad Long-Term investment with a projected -13.49% first-year return on $64,029 initial cash invested.
-13.49%
Cash On Cash
4.12%
Cap Rate
0.62
DSCR
$1,595
Rent
-$720
Cashflow
Cash Flow
$1,595 income − $2,315 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,029
Downpayment
20%
$60,980
Closing costs
1%
$3,049
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,595
Total Expenses
$2,315
Mortgage P&I
106%
$1,686
Property Taxes
7%
$105
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0