This property looks like a bad Long-Term investment with a projected -9.31% first-year return on $64,806 initial cash invested.
-9.31%
Cash On Cash
5.13%
Cap Rate
0.77
DSCR
$2,357
Rent
-$503
Cashflow
Cash Flow
$2,357 income − $2,860 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,806
Downpayment
20%
$61,720
Closing costs
1%
$3,086
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,357
Total Expenses
$2,860
Mortgage P&I
72%
$1,703
Property Taxes
19%
$453
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0