This property looks like a bad Long-Term investment with a projected -5.8% first-year return on $64,953 initial cash invested.
-5.8%
Cash On Cash
5.63%
Cap Rate
0.88
DSCR
$2,383
Rent
-$314
Cashflow
Cash Flow
$2,383 income − $2,697 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,953
Downpayment
20%
$61,860
Closing costs
1%
$3,093
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,383
Total Expenses
$2,697
Mortgage P&I
69%
$1,646
Property Taxes
13%
$301
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0