This property looks like a bad Long-Term investment with a projected -11.41% first-year return on $64,554 initial cash invested.
-11.41%
Cash On Cash
4.39%
Cap Rate
0.69
DSCR
$1,970
Rent
-$614
Cashflow
Cash Flow
$1,970 income − $2,584 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,554
Downpayment
20%
$61,480
Closing costs
1%
$3,074
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,970
Total Expenses
$2,584
Mortgage P&I
83%
$1,641
Property Taxes
15%
$294
Home Insurance
5%
$105
HOA
2%
$33
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0