This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $64,239 initial cash invested.
-8.93%
Cash On Cash
5.21%
Cap Rate
0.78
DSCR
$2,139
Rent
-$478
Cashflow
Cash Flow
$2,139 income − $2,617 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,239
Downpayment
20%
$61,180
Closing costs
1%
$3,059
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,139
Total Expenses
$2,617
Mortgage P&I
79%
$1,700
Property Taxes
12%
$251
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0