This property looks like a bad Long-Term investment with a projected -8.57% first-year return on $65,709 initial cash invested.
-8.57%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$2,353
Rent
-$469
Cashflow
Cash Flow
$2,353 income − $2,822 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,709
Downpayment
20%
$62,580
Closing costs
1%
$3,129
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,353
Total Expenses
$2,822
Mortgage P&I
72%
$1,703
Property Taxes
17%
$395
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0