This property looks like a bad Long-Term investment with a projected -9.79% first-year return on $64,470 initial cash invested.
-9.79%
Cash On Cash
4.72%
Cap Rate
0.74
DSCR
$1,875
Rent
-$526
Cashflow
Cash Flow
$1,875 income − $2,401 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,470
Downpayment
20%
$61,400
Closing costs
1%
$3,070
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,875
Total Expenses
$2,401
Mortgage P&I
87%
$1,640
Property Taxes
9%
$166
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0