This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $64,050 initial cash invested.
-16.3%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$1,556
Rent
-$870
Cashflow
Cash Flow
$1,556 income − $2,426 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,050
Downpayment
20%
$61,000
Closing costs
1%
$3,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,556
Total Expenses
$2,426
Mortgage P&I
107%
$1,671
Property Taxes
16%
$243
Home Insurance
7%
$107
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0