This property looks like a bad Long-Term investment with a projected -11.63% first-year return on $64,701 initial cash invested.
-11.63%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$1,798
Rent
-$627
Cashflow
Cash Flow
$1,798 income − $2,425 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,701
Downpayment
20%
$61,620
Closing costs
1%
$3,081
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,798
Total Expenses
$2,425
Mortgage P&I
88%
$1,574
Property Taxes
15%
$273
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0