This property looks like a bad Long-Term investment with a projected -7.94% first-year return on $64,869 initial cash invested.
-7.94%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$2,651
Rent
-$429
Cashflow
Cash Flow
$2,651 income − $3,080 expenses = $429 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,869
Downpayment
20%
$61,780
Closing costs
1%
$3,089
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,651
Total Expenses
$3,080
Mortgage P&I
63%
$1,675
Property Taxes
23%
$610
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0