This property looks like a bad Long-Term investment with a projected -8.13% first-year return on $64,638 initial cash invested.
-8.13%
Cash On Cash
5.26%
Cap Rate
0.81
DSCR
$2,241
Rent
-$438
Cashflow
Cash Flow
$2,241 income − $2,679 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,638
Downpayment
20%
$61,560
Closing costs
1%
$3,078
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,241
Total Expenses
$2,679
Mortgage P&I
75%
$1,674
Property Taxes
14%
$309
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0