This property looks like a bad Long-Term investment with a projected -9% first-year return on $64,428 initial cash invested.
-9%
Cash On Cash
5.1%
Cap Rate
0.77
DSCR
$2,080
Rent
-$483
Cashflow
Cash Flow
$2,080 income − $2,563 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,428
Downpayment
20%
$61,360
Closing costs
1%
$3,068
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,080
Total Expenses
$2,563
Mortgage P&I
81%
$1,684
Property Taxes
11%
$222
Home Insurance
5%
$112
HOA
0%
$4
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0