This property looks like a bad Long-Term investment with a projected -6.76% first-year return on $64,764 initial cash invested.
-6.76%
Cash On Cash
5.38%
Cap Rate
0.85
DSCR
$2,235
Rent
-$365
Cashflow
Cash Flow
$2,235 income − $2,600 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,764
Downpayment
20%
$61,680
Closing costs
1%
$3,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,235
Total Expenses
$2,600
Mortgage P&I
73%
$1,635
Property Taxes
12%
$273
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0