This property looks like a bad Long-Term investment with a projected -6.07% first-year return on $64,239 initial cash invested.
-6.07%
Cash On Cash
5.64%
Cap Rate
0.88
DSCR
$2,421
Rent
-$325
Cashflow
Cash Flow
$2,421 income − $2,746 expenses = $325 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,239
Downpayment
20%
$61,180
Closing costs
1%
$3,059
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,421
Total Expenses
$2,746
Mortgage P&I
68%
$1,641
Property Taxes
15%
$365
Home Insurance
5%
$111
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0