This property looks like a bad Long-Term investment with a projected -2.12% first-year return on $64,428 initial cash invested.
-2.12%
Cash On Cash
6.6%
Cap Rate
1.01
DSCR
$2,549
Rent
-$114
Cashflow
Cash Flow
$2,549 income − $2,663 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,428
Downpayment
20%
$61,360
Closing costs
1%
$3,068
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,549
Total Expenses
$2,663
Mortgage P&I
66%
$1,674
Property Taxes
10%
$257
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0