This property looks like a bad Long-Term investment with a projected -10.28% first-year return on $64,911 initial cash invested.
-10.28%
Cash On Cash
4.57%
Cap Rate
0.72
DSCR
$1,783
Rent
-$556
Cashflow
Cash Flow
$1,783 income − $2,339 expenses = $556 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,911
Downpayment
20%
$61,820
Closing costs
1%
$3,091
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,783
Total Expenses
$2,339
Mortgage P&I
92%
$1,645
Property Taxes
7%
$119
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0