This property looks like a bad Long-Term investment with a projected -11.58% first-year return on $65,583 initial cash invested.
-11.58%
Cash On Cash
4.53%
Cap Rate
0.69
DSCR
$2,041
Rent
-$633
Cashflow
Cash Flow
$2,041 income − $2,674 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,583
Downpayment
20%
$62,460
Closing costs
1%
$3,123
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,041
Total Expenses
$2,674
Mortgage P&I
84%
$1,710
Property Taxes
16%
$324
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0