This property looks like a bad Long-Term investment with a projected -9.61% first-year return on $64,407 initial cash invested.
-9.61%
Cash On Cash
4.53%
Cap Rate
0.73
DSCR
$1,795
Rent
-$516
Cashflow
Cash Flow
$1,795 income − $2,311 expenses = $516 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,407
Downpayment
20%
$61,340
Closing costs
1%
$3,067
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,795
Total Expenses
$2,311
Mortgage P&I
88%
$1,584
Property Taxes
8%
$151
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0