This property looks like a bad Long-Term investment with a projected -7.95% first-year return on $64,470 initial cash invested.
-7.95%
Cash On Cash
5.09%
Cap Rate
0.8
DSCR
$1,893
Rent
-$427
Cashflow
Cash Flow
$1,893 income − $2,320 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,893
Total Expenses
$2,320
Mortgage P&I
86%
$1,634
Property Taxes
3%
$60
Home Insurance
6%
$108
HOA
1%
$25
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0