This property looks like a bad Long-Term investment with a projected -7.73% first-year return on $64,554 initial cash invested.
-7.73%
Cash On Cash
5.14%
Cap Rate
0.81
DSCR
$2,052
Rent
-$416
Cashflow
Cash Flow
$2,052 income − $2,468 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,554
Downpayment
20%
$61,480
Closing costs
1%
$3,074
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,052
Total Expenses
$2,468
Mortgage P&I
79%
$1,630
Property Taxes
9%
$194
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0