This property looks like a bad Long-Term investment with a projected -9.65% first-year return on $65,268 initial cash invested.
-9.65%
Cash On Cash
4.9%
Cap Rate
0.76
DSCR
$2,394
Rent
-$525
Cashflow
Cash Flow
$2,394 income − $2,919 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,268
Downpayment
20%
$62,160
Closing costs
1%
$3,108
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,394
Total Expenses
$2,919
Mortgage P&I
70%
$1,673
Property Taxes
22%
$523
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0