This property looks like a bad Long-Term investment with a projected -12.76% first-year return on $65,373 initial cash invested.
-12.76%
Cash On Cash
3.84%
Cap Rate
0.62
DSCR
$1,917
Rent
-$695
Cashflow
Cash Flow
$1,917 income − $2,612 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,373
Downpayment
20%
$62,260
Closing costs
1%
$3,113
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,917
Total Expenses
$2,612
Mortgage P&I
83%
$1,596
Property Taxes
21%
$407
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0