This property looks like a bad Long-Term investment with a projected -7.51% first-year return on $64,386 initial cash invested.
-7.51%
Cash On Cash
5.48%
Cap Rate
0.83
DSCR
$2,132
Rent
-$403
Cashflow
Cash Flow
$2,132 income − $2,535 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,386
Downpayment
20%
$61,320
Closing costs
1%
$3,066
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,132
Total Expenses
$2,535
Mortgage P&I
80%
$1,695
Property Taxes
8%
$175
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0