This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $65,310 initial cash invested.
-14.04%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$2,053
Rent
-$764
Cashflow
Cash Flow
$2,053 income − $2,817 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,310
Downpayment
20%
$62,200
Closing costs
1%
$3,110
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,053
Total Expenses
$2,817
Mortgage P&I
81%
$1,670
Property Taxes
24%
$500
Home Insurance
6%
$113
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0