This property looks like a bad Long-Term investment with a projected -8.72% first-year return on $64,386 initial cash invested.
-8.72%
Cash On Cash
5.24%
Cap Rate
0.78
DSCR
$1,895
Rent
-$468
Cashflow
Cash Flow
$1,895 income − $2,363 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,895
Total Expenses
$2,363
Mortgage P&I
90%
$1,713
Property Taxes
2%
$46
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0