This property looks like a bad Long-Term investment with a projected -14.71% first-year return on $64,785 initial cash invested.
-14.71%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$2,141
Rent
-$794
Cashflow
Cash Flow
$2,141 income − $2,935 expenses = $794 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
$2,141
Total Expenses
$2,935
Mortgage P&I
79%
$1,700
Property Taxes
26%
$567
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0