This property looks like a bad Long-Term investment with a projected -10.1% first-year return on $64,961 initial cash invested.
-10.1%
Cash On Cash
4.64%
Cap Rate
0.73
DSCR
$1,956
Rent
-$547
Cashflow
Cash Flow
$1,956 income − $2,503 expenses = $547 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,961
Downpayment
20%
$61,868
Closing costs
1%
$3,093
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,956
Total Expenses
$2,503
Mortgage P&I
84%
$1,646
Property Taxes
10%
$191
Home Insurance
6%
$108
HOA
3%
$49
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0