This property looks like a bad Long-Term investment with a projected -8.38% first-year return on $64,617 initial cash invested.
-8.38%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$2,086
Rent
-$451
Cashflow
Cash Flow
$2,086 income − $2,537 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,617
Downpayment
20%
$61,540
Closing costs
1%
$3,077
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,086
Total Expenses
$2,537
Mortgage P&I
81%
$1,697
Property Taxes
9%
$189
Home Insurance
5%
$109
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0