This property looks like a bad Long-Term investment with a projected -11.81% first-year return on $64,911 initial cash invested.
-11.81%
Cash On Cash
4.57%
Cap Rate
0.69
DSCR
$2,098
Rent
-$639
Cashflow
Cash Flow
$2,098 income − $2,737 expenses = $639 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,911
Downpayment
20%
$61,820
Closing costs
1%
$3,091
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,098
Total Expenses
$2,737
Mortgage P&I
82%
$1,711
Property Taxes
17%
$358
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0