This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $65,520 initial cash invested.
-13.92%
Cash On Cash
3.5%
Cap Rate
0.57
DSCR
$1,518
Rent
-$760
Cashflow
Cash Flow
$1,518 income − $2,278 expenses = $760 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,520
Downpayment
20%
$62,400
Closing costs
1%
$3,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,518
Total Expenses
$2,278
Mortgage P&I
105%
$1,594
Property Taxes
12%
$180
Home Insurance
7%
$109
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0