This property looks like a bad Long-Term investment with a projected -9.64% first-year return on $63,966 initial cash invested.
-9.64%
Cash On Cash
4.56%
Cap Rate
0.73
DSCR
$1,777
Rent
-$514
Cashflow
Cash Flow
$1,777 income − $2,291 expenses = $514 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
$1,777
Total Expenses
$2,291
Mortgage P&I
89%
$1,583
Property Taxes
8%
$135
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0