This property looks like a bad Long-Term investment with a projected -4.16% first-year return on $64,050 initial cash invested.
-4.16%
Cash On Cash
5.99%
Cap Rate
0.93
DSCR
$2,114
Rent
-$222
Cashflow
Cash Flow
$2,114 income − $2,336 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,114
Total Expenses
$2,336
Mortgage P&I
78%
$1,639
Property Taxes
2%
$40
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0