This property looks like a bad Long-Term investment with a projected -5.04% first-year return on $64,302 initial cash invested.
-5.04%
Cash On Cash
5.95%
Cap Rate
0.91
DSCR
$2,338
Rent
-$270
Cashflow
Cash Flow
$2,338 income − $2,608 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,302
Downpayment
20%
$61,240
Closing costs
1%
$3,062
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,338
Total Expenses
$2,608
Mortgage P&I
71%
$1,671
Property Taxes
9%
$201
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0