This property looks like a bad Long-Term investment with a projected -4.66% first-year return on $64,848 initial cash invested.
-4.66%
Cash On Cash
6.06%
Cap Rate
0.93
DSCR
$2,727
Rent
-$252
Cashflow
Cash Flow
$2,727 income − $2,979 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,848
Downpayment
20%
$61,760
Closing costs
1%
$3,088
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,727
Total Expenses
$2,979
Mortgage P&I
61%
$1,675
Property Taxes
17%
$450
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0