This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $64,470 initial cash invested.
-7.15%
Cash On Cash
5.46%
Cap Rate
0.83
DSCR
$2,118
Rent
-$384
Cashflow
Cash Flow
$2,118 income − $2,502 expenses = $384 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,470
Downpayment
20%
$61,400
Closing costs
1%
$3,070
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,118
Total Expenses
$2,502
Mortgage P&I
79%
$1,675
Property Taxes
8%
$169
Home Insurance
5%
$107
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0