This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $64,827 initial cash invested.
-14.42%
Cash On Cash
3.74%
Cap Rate
0.58
DSCR
$1,471
Rent
-$779
Cashflow
Cash Flow
$1,471 income − $2,250 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,827
Downpayment
20%
$61,740
Closing costs
1%
$3,087
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,471
Total Expenses
$2,250
Mortgage P&I
113%
$1,666
Property Taxes
6%
$89
Home Insurance
8%
$112
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0