This property looks like a bad Long-Term investment with a projected -12.79% first-year return on $65,688 initial cash invested.
-12.79%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$1,951
Rent
-$700
Cashflow
Cash Flow
$1,951 income − $2,651 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,688
Downpayment
20%
$62,560
Closing costs
1%
$3,128
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,951
Total Expenses
$2,651
Mortgage P&I
87%
$1,698
Property Taxes
17%
$333
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0