This property looks like a bad Long-Term investment with a projected -9.66% first-year return on $64,701 initial cash invested.
-9.66%
Cash On Cash
5.06%
Cap Rate
0.76
DSCR
$2,409
Rent
-$521
Cashflow
Cash Flow
$2,409 income − $2,930 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,701
Downpayment
20%
$61,620
Closing costs
1%
$3,081
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,409
Total Expenses
$2,930
Mortgage P&I
71%
$1,699
Property Taxes
16%
$387
Home Insurance
4%
$108
HOA
5%
$110
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0