This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $65,373 initial cash invested.
-12.23%
Cash On Cash
3.92%
Cap Rate
0.63
DSCR
$1,594
Rent
-$666
Cashflow
Cash Flow
$1,594 income − $2,260 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,373
Downpayment
20%
$62,260
Closing costs
1%
$3,113
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,594
Total Expenses
$2,260
Mortgage P&I
101%
$1,603
Property Taxes
8%
$130
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0