This property looks like a bad Long-Term investment with a projected -2.03% first-year return on $64,323 initial cash invested.
-2.03%
Cash On Cash
6.71%
Cap Rate
1.01
DSCR
$2,665
Rent
-$109
Cashflow
Cash Flow
$2,665 income − $2,774 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,323
Downpayment
20%
$61,260
Closing costs
1%
$3,063
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,665
Total Expenses
$2,774
Mortgage P&I
63%
$1,688
Property Taxes
11%
$286
Home Insurance
4%
$108
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0