This property looks like a bad Long-Term investment with a projected -9.7% first-year return on $64,575 initial cash invested.
-9.7%
Cash On Cash
5.09%
Cap Rate
0.77
DSCR
$2,584
Rent
-$522
Cashflow
Cash Flow
$2,584 income − $3,106 expenses = $522 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,584
Total Expenses
$3,106
Mortgage P&I
66%
$1,697
Property Taxes
24%
$629
Home Insurance
4%
$108
HOA
0%
$1
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0