This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $64,680 initial cash invested.
-9.22%
Cash On Cash
4.9%
Cap Rate
0.76
DSCR
$1,982
Rent
-$497
Cashflow
Cash Flow
$1,982 income − $2,479 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,680
Downpayment
20%
$61,600
Closing costs
1%
$3,080
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,982
Total Expenses
$2,479
Mortgage P&I
84%
$1,655
Property Taxes
10%
$198
Home Insurance
6%
$111
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0