This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $64,953 initial cash invested.
-11.36%
Cash On Cash
4.66%
Cap Rate
0.7
DSCR
$1,998
Rent
-$615
Cashflow
Cash Flow
$1,998 income − $2,613 expenses = $615 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,953
Downpayment
20%
$61,860
Closing costs
1%
$3,093
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,998
Total Expenses
$2,613
Mortgage P&I
86%
$1,715
Property Taxes
13%
$266
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0