This property looks like a bad Long-Term investment with a projected -19.17% first-year return on $64,050 initial cash invested.
-19.17%
Cash On Cash
2.89%
Cap Rate
0.43
DSCR
$1,328
Rent
-$1,023
Cashflow
Cash Flow
$1,328 income − $2,351 expenses = $1,023 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
$1,328
Total Expenses
$2,351
Mortgage P&I
127%
$1,692
Property Taxes
16%
$207
Home Insurance
8%
$107
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0