This property looks like a bad Long-Term investment with a projected -13.28% first-year return on $64,953 initial cash invested.
-13.28%
Cash On Cash
4.47%
Cap Rate
0.65
DSCR
$2,094
Rent
-$719
Cashflow
Cash Flow
$2,094 income − $2,813 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,953
Downpayment
20%
$61,860
Closing costs
1%
$3,093
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,094
Total Expenses
$2,813
Mortgage P&I
84%
$1,767
Property Taxes
19%
$393
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0