This property looks like a bad Long-Term investment with a projected -11.99% first-year return on $64,176 initial cash invested.
-11.99%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$1,951
Rent
-$641
Cashflow
Cash Flow
$1,951 income − $2,592 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,176
Downpayment
20%
$61,120
Closing costs
1%
$3,056
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,951
Total Expenses
$2,592
Mortgage P&I
84%
$1,639
Property Taxes
17%
$341
Home Insurance
5%
$104
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0