This property looks like a bad Long-Term investment with a projected -13.83% first-year return on $65,793 initial cash invested.
-13.83%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$1,781
Rent
-$758
Cashflow
Cash Flow
$1,781 income − $2,539 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,793
Downpayment
20%
$62,660
Closing costs
1%
$3,133
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,781
Total Expenses
$2,539
Mortgage P&I
94%
$1,677
Property Taxes
16%
$289
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0