This property looks like a bad Long-Term investment with a projected -10.21% first-year return on $64,743 initial cash invested.
-10.21%
Cash On Cash
4.5%
Cap Rate
0.71
DSCR
$1,766
Rent
-$551
Cashflow
Cash Flow
$1,766 income − $2,317 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,743
Downpayment
20%
$61,660
Closing costs
1%
$3,083
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,766
Total Expenses
$2,317
Mortgage P&I
92%
$1,620
Property Taxes
7%
$128
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0