This property looks like a bad Long-Term investment with a projected -10.99% first-year return on $65,415 initial cash invested.
-10.99%
Cash On Cash
4.25%
Cap Rate
0.69
DSCR
$1,883
Rent
-$599
Cashflow
Cash Flow
$1,883 income − $2,482 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,415
Downpayment
20%
$62,300
Closing costs
1%
$3,115
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,883
Total Expenses
$2,482
Mortgage P&I
85%
$1,609
Property Taxes
14%
$270
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0