This property looks like a bad Long-Term investment with a projected -10.77% first-year return on $64,932 initial cash invested.
-10.77%
Cash On Cash
4.5%
Cap Rate
0.7
DSCR
$1,700
Rent
-$583
Cashflow
Cash Flow
$1,700 income − $2,283 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,932
Downpayment
20%
$61,840
Closing costs
1%
$3,092
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,700
Total Expenses
$2,283
Mortgage P&I
98%
$1,658
Property Taxes
4%
$71
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0