This property looks like a bad Long-Term investment with a projected -14.33% first-year return on $64,638 initial cash invested.
-14.33%
Cash On Cash
3.61%
Cap Rate
0.57
DSCR
$1,597
Rent
-$772
Cashflow
Cash Flow
$1,597 income − $2,369 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,638
Downpayment
20%
$61,560
Closing costs
1%
$3,078
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,597
Total Expenses
$2,369
Mortgage P&I
101%
$1,617
Property Taxes
14%
$224
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0