This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $65,709 initial cash invested.
-11.94%
Cash On Cash
4%
Cap Rate
0.65
DSCR
$1,924
Rent
-$654
Cashflow
Cash Flow
$1,924 income − $2,578 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,709
Downpayment
20%
$62,580
Closing costs
1%
$3,129
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,924
Total Expenses
$2,578
Mortgage P&I
83%
$1,601
Property Taxes
19%
$368
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0