This property looks like a bad Long-Term investment with a projected -5.75% first-year return on $64,029 initial cash invested.
-5.75%
Cash On Cash
5.74%
Cap Rate
0.88
DSCR
$2,241
Rent
-$307
Cashflow
Cash Flow
$2,241 income − $2,548 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,241
Total Expenses
$2,548
Mortgage P&I
74%
$1,654
Property Taxes
9%
$205
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0