This property looks like a bad Long-Term investment with a projected -6.97% first-year return on $65,268 initial cash invested.
-6.97%
Cash On Cash
5.37%
Cap Rate
0.83
DSCR
$1,971
Rent
-$379
Cashflow
Cash Flow
$1,971 income − $2,350 expenses = $379 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
$1,971
Total Expenses
$2,350
Mortgage P&I
85%
$1,672
Property Taxes
2%
$48
Home Insurance
6%
$112
HOA
0%
$5
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0