This property looks like a bad Long-Term investment with a projected -13.33% first-year return on $65,604 initial cash invested.
-13.33%
Cash On Cash
4.21%
Cap Rate
0.63
DSCR
$1,817
Rent
-$729
Cashflow
Cash Flow
$1,817 income − $2,546 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,604
Downpayment
20%
$62,480
Closing costs
1%
$3,124
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,817
Total Expenses
$2,546
Mortgage P&I
95%
$1,733
Property Taxes
13%
$228
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0