This property looks like a bad Long-Term investment with a projected -11.22% first-year return on $64,470 initial cash invested.
-11.22%
Cash On Cash
4.53%
Cap Rate
0.7
DSCR
$1,979
Rent
-$603
Cashflow
Cash Flow
$1,979 income − $2,582 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,979
Total Expenses
$2,582
Mortgage P&I
84%
$1,662
Property Taxes
15%
$297
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0