This property looks like a bad Long-Term investment with a projected -12.48% first-year return on $63,945 initial cash invested.
-12.48%
Cash On Cash
4.22%
Cap Rate
0.65
DSCR
$1,574
Rent
-$665
Cashflow
Cash Flow
$1,574 income − $2,239 expenses = $665 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,945
Downpayment
20%
$60,900
Closing costs
1%
$3,045
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,574
Total Expenses
$2,239
Mortgage P&I
105%
$1,657
Property Taxes
4%
$58
Home Insurance
7%
$111
HOA
0%
$4
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0