This property looks like a bad Long-Term investment with a projected -3.78% first-year return on $65,688 initial cash invested.
-3.78%
Cash On Cash
6.29%
Cap Rate
0.95
DSCR
$2,242
Rent
-$207
Cashflow
Cash Flow
$2,242 income − $2,449 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,688
Downpayment
20%
$62,560
Closing costs
1%
$3,128
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,242
Total Expenses
$2,449
Mortgage P&I
77%
$1,735
Property Taxes
1%
$21
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0