This property looks like a bad Long-Term investment with a projected -7.78% first-year return on $64,470 initial cash invested.
-7.78%
Cash On Cash
5%
Cap Rate
0.8
DSCR
$2,012
Rent
-$418
Cashflow
Cash Flow
$2,012 income − $2,430 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,012
Total Expenses
$2,430
Mortgage P&I
79%
$1,595
Property Taxes
10%
$203
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0