This property looks like a bad Long-Term investment with a projected -9.88% first-year return on $65,814 initial cash invested.
-9.88%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$2,069
Rent
-$542
Cashflow
Cash Flow
$2,069 income − $2,611 expenses = $542 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,814
Downpayment
20%
$62,680
Closing costs
1%
$3,134
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,069
Total Expenses
$2,611
Mortgage P&I
83%
$1,716
Property Taxes
9%
$194
Home Insurance
5%
$110
HOA
3%
$54
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0