This property looks like a bad Long-Term investment with a projected -9.79% first-year return on $64,827 initial cash invested.
-9.79%
Cash On Cash
4.74%
Cap Rate
0.74
DSCR
$2,111
Rent
-$529
Cashflow
Cash Flow
$2,111 income − $2,640 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,827
Downpayment
20%
$61,740
Closing costs
1%
$3,087
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,111
Total Expenses
$2,640
Mortgage P&I
78%
$1,643
Property Taxes
16%
$331
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0