This property looks like a bad Long-Term investment with a projected -16.75% first-year return on $64,260 initial cash invested.
-16.75%
Cash On Cash
3.42%
Cap Rate
0.51
DSCR
$1,417
Rent
-$897
Cashflow
Cash Flow
$1,417 income − $2,314 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,260
Downpayment
20%
$61,200
Closing costs
1%
$3,060
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,417
Total Expenses
$2,314
Mortgage P&I
120%
$1,698
Property Taxes
10%
$140
Home Insurance
8%
$107
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0