This property looks like a bad Long-Term investment with a projected -9.94% first-year return on $64,596 initial cash invested.
-9.94%
Cash On Cash
4.61%
Cap Rate
0.73
DSCR
$2,135
Rent
-$535
Cashflow
Cash Flow
$2,135 income − $2,670 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,596
Downpayment
20%
$61,520
Closing costs
1%
$3,076
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,135
Total Expenses
$2,670
Mortgage P&I
75%
$1,610
Property Taxes
20%
$420
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0