This property looks like a bad Long-Term investment with a projected -7.41% first-year return on $64,617 initial cash invested.
-7.41%
Cash On Cash
5.43%
Cap Rate
0.82
DSCR
$1,891
Rent
-$399
Cashflow
Cash Flow
$1,891 income − $2,290 expenses = $399 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,891
Total Expenses
$2,290
Mortgage P&I
90%
$1,697
Property Taxes
0%
$7
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$113
Maintenance
5%
$95
Other
0%
$0