This property looks like a bad Long-Term investment with a projected -17.69% first-year return on $64,512 initial cash invested.
-17.69%
Cash On Cash
3.2%
Cap Rate
0.48
DSCR
$1,487
Rent
-$951
Cashflow
Cash Flow
$1,487 income − $2,438 expenses = $951 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,512
Downpayment
20%
$61,440
Closing costs
1%
$3,072
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,487
Total Expenses
$2,438
Mortgage P&I
114%
$1,697
Property Taxes
16%
$243
Home Insurance
8%
$112
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0