This property looks like a bad Long-Term investment with a projected -6.1% first-year return on $64,554 initial cash invested.
-6.1%
Cash On Cash
5.2%
Cap Rate
0.86
DSCR
$2,073
Rent
-$328
Cashflow
Cash Flow
$2,073 income − $2,401 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,554
Downpayment
20%
$61,480
Closing costs
1%
$3,074
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,073
Total Expenses
$2,401
Mortgage P&I
75%
$1,557
Property Taxes
10%
$197
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0