This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $64,050 initial cash invested.
-14.18%
Cash On Cash
3.55%
Cap Rate
0.57
DSCR
$1,537
Rent
-$757
Cashflow
Cash Flow
$1,537 income − $2,294 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,537
Total Expenses
$2,294
Mortgage P&I
103%
$1,582
Property Taxes
13%
$205
Home Insurance
7%
$107
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0