This property looks like a bad Long-Term investment with a projected -10.96% first-year return on $64,365 initial cash invested.
-10.96%
Cash On Cash
4.86%
Cap Rate
0.71
DSCR
$1,821
Rent
-$588
Cashflow
Cash Flow
$1,821 income − $2,409 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,365
Downpayment
20%
$61,300
Closing costs
1%
$3,065
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,821
Total Expenses
$2,409
Mortgage P&I
96%
$1,739
Property Taxes
5%
$85
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0