This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $64,680 initial cash invested.
-10.72%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$1,754
Rent
-$578
Cashflow
Cash Flow
$1,754 income − $2,332 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,680
Downpayment
20%
$61,600
Closing costs
1%
$3,080
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,754
Total Expenses
$2,332
Mortgage P&I
96%
$1,683
Property Taxes
5%
$88
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0