This property looks like a bad Long-Term investment with a projected -10.41% first-year return on $64,575 initial cash invested.
-10.41%
Cash On Cash
4.71%
Cap Rate
0.72
DSCR
$1,860
Rent
-$560
Cashflow
Cash Flow
$1,860 income − $2,420 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,575
Downpayment
20%
$61,500
Closing costs
1%
$3,075
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,860
Total Expenses
$2,420
Mortgage P&I
90%
$1,675
Property Taxes
8%
$153
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0