This property looks like a bad Long-Term investment with a projected -15.15% first-year return on $64,890 initial cash invested.
-15.15%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$1,344
Rent
-$819
Cashflow
Cash Flow
$1,344 income − $2,163 expenses = $819 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,890
Downpayment
20%
$61,800
Closing costs
1%
$3,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,344
Total Expenses
$2,163
Mortgage P&I
123%
$1,652
Property Taxes
4%
$54
Home Insurance
8%
$108
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0