This property looks like a bad Long-Term investment with a projected -6.19% first-year return on $64,785 initial cash invested.
-6.19%
Cash On Cash
5.84%
Cap Rate
0.87
DSCR
$2,194
Rent
-$334
Cashflow
Cash Flow
$2,194 income − $2,528 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,785
Downpayment
20%
$61,700
Closing costs
1%
$3,085
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,194
Total Expenses
$2,528
Mortgage P&I
79%
$1,726
Property Taxes
7%
$154
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0