This property looks like a bad Long-Term investment with a projected -16.45% first-year return on $64,785 initial cash invested.
-16.45%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$1,695
Rent
-$888
Cashflow
Cash Flow
$1,695 income − $2,583 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,695
Total Expenses
$2,583
Mortgage P&I
100%
$1,700
Property Taxes
19%
$319
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0