This property looks like a bad Long-Term investment with a projected -12.81% first-year return on $65,499 initial cash invested.
-12.81%
Cash On Cash
3.92%
Cap Rate
0.63
DSCR
$1,809
Rent
-$699
Cashflow
Cash Flow
$1,809 income − $2,508 expenses = $699 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,499
Downpayment
20%
$62,380
Closing costs
1%
$3,119
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,809
Total Expenses
$2,508
Mortgage P&I
90%
$1,629
Property Taxes
16%
$293
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0