This property looks like a bad Long-Term investment with a projected -12.94% first-year return on $64,743 initial cash invested.
-12.94%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$1,875
Rent
-$698
Cashflow
Cash Flow
$1,875 income − $2,573 expenses = $698 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,743
Downpayment
20%
$61,660
Closing costs
1%
$3,083
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,875
Total Expenses
$2,573
Mortgage P&I
90%
$1,680
Property Taxes
13%
$253
Home Insurance
6%
$110
HOA
2%
$42
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0