This property looks like a bad Long-Term investment with a projected -17.56% first-year return on $64,974 initial cash invested.
-17.56%
Cash On Cash
3.17%
Cap Rate
0.49
DSCR
$2,159
Rent
-$951
Cashflow
Cash Flow
$2,159 income − $3,110 expenses = $951 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,974
Downpayment
20%
$61,880
Closing costs
1%
$3,094
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,159
Total Expenses
$3,110
Mortgage P&I
77%
$1,660
Property Taxes
25%
$546
Home Insurance
5%
$112
HOA
11%
$230
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0