This property looks like a bad Long-Term investment with a projected -11% first-year return on $65,541 initial cash invested.
-11%
Cash On Cash
4.62%
Cap Rate
0.71
DSCR
$2,062
Rent
-$601
Cashflow
Cash Flow
$2,062 income − $2,663 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,062
Total Expenses
$2,663
Mortgage P&I
82%
$1,700
Property Taxes
15%
$315
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0