This property looks like a bad Long-Term investment with a projected -8.34% first-year return on $64,890 initial cash invested.
-8.34%
Cash On Cash
5.25%
Cap Rate
0.8
DSCR
$2,223
Rent
-$451
Cashflow
Cash Flow
$2,223 income − $2,674 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,890
Downpayment
20%
$61,800
Closing costs
1%
$3,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,223
Total Expenses
$2,674
Mortgage P&I
76%
$1,693
Property Taxes
13%
$294
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0