This property looks like a bad Long-Term investment with a projected -6.43% first-year return on $64,596 initial cash invested.
-6.43%
Cash On Cash
5.72%
Cap Rate
0.86
DSCR
$2,258
Rent
-$346
Cashflow
Cash Flow
$2,258 income − $2,604 expenses = $346 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,596
Downpayment
20%
$61,520
Closing costs
1%
$3,076
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,258
Total Expenses
$2,604
Mortgage P&I
75%
$1,698
Property Taxes
9%
$209
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0