This property looks like a bad Long-Term investment with a projected -6.34% first-year return on $64,932 initial cash invested.
-6.34%
Cash On Cash
5.28%
Cap Rate
0.85
DSCR
$1,982
Rent
-$343
Cashflow
Cash Flow
$1,982 income − $2,325 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,932
Downpayment
20%
$61,840
Closing costs
1%
$3,092
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,982
Total Expenses
$2,325
Mortgage P&I
81%
$1,605
Property Taxes
5%
$95
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0