This property looks like a bad Long-Term investment with a projected -10.89% first-year return on $65,457 initial cash invested.
-10.89%
Cash On Cash
4.58%
Cap Rate
0.71
DSCR
$2,227
Rent
-$594
Cashflow
Cash Flow
$2,227 income − $2,821 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,457
Downpayment
20%
$62,340
Closing costs
1%
$3,117
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,227
Total Expenses
$2,821
Mortgage P&I
75%
$1,672
Property Taxes
21%
$460
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0