This property looks like a bad Long-Term investment with a projected -8.66% first-year return on $64,701 initial cash invested.
-8.66%
Cash On Cash
4.72%
Cap Rate
0.76
DSCR
$1,861
Rent
-$467
Cashflow
Cash Flow
$1,861 income − $2,328 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,701
Downpayment
20%
$61,620
Closing costs
1%
$3,081
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,861
Total Expenses
$2,328
Mortgage P&I
85%
$1,585
Property Taxes
8%
$156
Home Insurance
6%
$103
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0