This property looks like a bad Long-Term investment with a projected -15.89% first-year return on $63,945 initial cash invested.
-15.89%
Cash On Cash
3.51%
Cap Rate
0.54
DSCR
$1,601
Rent
-$847
Cashflow
Cash Flow
$1,601 income − $2,448 expenses = $847 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
$1,601
Total Expenses
$2,448
Mortgage P&I
103%
$1,657
Property Taxes
17%
$267
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0