This property looks like a bad Long-Term investment with a projected -14% first-year return on $64,449 initial cash invested.
-14%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$1,899
Rent
-$752
Cashflow
Cash Flow
$1,899 income − $2,651 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,449
Downpayment
20%
$61,380
Closing costs
1%
$3,069
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,899
Total Expenses
$2,651
Mortgage P&I
89%
$1,691
Property Taxes
18%
$349
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0