This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $64,596 initial cash invested.
-13.97%
Cash On Cash
3.85%
Cap Rate
0.6
DSCR
$1,910
Rent
-$752
Cashflow
Cash Flow
$1,910 income − $2,662 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,910
Total Expenses
$2,662
Mortgage P&I
86%
$1,644
Property Taxes
21%
$410
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0