This property looks like a bad Long-Term investment with a projected -16.37% first-year return on $64,050 initial cash invested.
-16.37%
Cash On Cash
3.55%
Cap Rate
0.53
DSCR
$1,622
Rent
-$874
Cashflow
Cash Flow
$1,622 income − $2,496 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,050
Downpayment
20%
$61,000
Closing costs
1%
$3,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,622
Total Expenses
$2,496
Mortgage P&I
105%
$1,696
Property Taxes
17%
$272
Home Insurance
7%
$107
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0