This property looks like a bad Long-Term investment with a projected -6.9% first-year return on $64,554 initial cash invested.
-6.9%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$2,118
Rent
-$371
Cashflow
Cash Flow
$2,118 income − $2,489 expenses = $371 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,118
Total Expenses
$2,489
Mortgage P&I
80%
$1,690
Property Taxes
6%
$136
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0