This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $64,785 initial cash invested.
-13.52%
Cash On Cash
3.87%
Cap Rate
0.61
DSCR
$1,662
Rent
-$730
Cashflow
Cash Flow
$1,662 income − $2,392 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,662
Total Expenses
$2,392
Mortgage P&I
99%
$1,642
Property Taxes
13%
$210
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0