This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $64,932 initial cash invested.
-13.75%
Cash On Cash
3.75%
Cap Rate
0.6
DSCR
$1,920
Rent
-$744
Cashflow
Cash Flow
$1,920 income − $2,664 expenses = $744 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,932
Downpayment
20%
$61,840
Closing costs
1%
$3,092
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,920
Total Expenses
$2,664
Mortgage P&I
84%
$1,614
Property Taxes
23%
$441
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0