This property looks like a bad Long-Term investment with a projected -12.27% first-year return on $63,966 initial cash invested.
-12.27%
Cash On Cash
3.98%
Cap Rate
0.64
DSCR
$1,632
Rent
-$654
Cashflow
Cash Flow
$1,632 income − $2,286 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,966
Downpayment
20%
$60,920
Closing costs
1%
$3,046
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,632
Total Expenses
$2,286
Mortgage P&I
97%
$1,582
Property Taxes
10%
$169
Home Insurance
7%
$110
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0