This property looks like a bad Long-Term investment with a projected -12.82% first-year return on $64,890 initial cash invested.
-12.82%
Cash On Cash
3.67%
Cap Rate
0.61
DSCR
$1,738
Rent
-$693
Cashflow
Cash Flow
$1,738 income − $2,431 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,890
Downpayment
20%
$61,800
Closing costs
1%
$3,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,738
Total Expenses
$2,431
Mortgage P&I
89%
$1,552
Property Taxes
18%
$311
Home Insurance
6%
$108
HOA
0%
$8
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0