This property looks like a bad Long-Term investment with a projected -5.81% first-year return on $64,617 initial cash invested.
-5.81%
Cash On Cash
5.83%
Cap Rate
0.88
DSCR
$2,251
Rent
-$313
Cashflow
Cash Flow
$2,251 income − $2,564 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,617
Downpayment
20%
$61,540
Closing costs
1%
$3,077
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,251
Total Expenses
$2,564
Mortgage P&I
75%
$1,695
Property Taxes
8%
$175
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0