This property looks like a bad Long-Term investment with a projected -15.75% first-year return on $64,932 initial cash invested.
-15.75%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$1,587
Rent
-$852
Cashflow
Cash Flow
$1,587 income − $2,439 expenses = $852 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,587
Total Expenses
$2,439
Mortgage P&I
107%
$1,695
Property Taxes
14%
$222
Home Insurance
7%
$110
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0