This property looks like a bad Long-Term investment with a projected -15.6% first-year return on $64,764 initial cash invested.
-15.6%
Cash On Cash
3.55%
Cap Rate
0.55
DSCR
$1,962
Rent
-$842
Cashflow
Cash Flow
$1,962 income − $2,804 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,764
Downpayment
20%
$61,680
Closing costs
1%
$3,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$2,804
Mortgage P&I
84%
$1,657
Property Taxes
23%
$454
Home Insurance
9%
$183
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0