This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $65,541 initial cash invested.
-12.3%
Cash On Cash
3.92%
Cap Rate
0.64
DSCR
$1,876
Rent
-$672
Cashflow
Cash Flow
$1,876 income − $2,548 expenses = $672 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,541
Downpayment
20%
$62,420
Closing costs
1%
$3,121
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,876
Total Expenses
$2,548
Mortgage P&I
85%
$1,597
Property Taxes
19%
$350
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0