This property looks like a bad Long-Term investment with a projected -13.37% first-year return on $65,436 initial cash invested.
-13.37%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$2,066
Rent
-$729
Cashflow
Cash Flow
$2,066 income − $2,795 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,436
Downpayment
20%
$62,320
Closing costs
1%
$3,116
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,066
Total Expenses
$2,795
Mortgage P&I
83%
$1,724
Property Taxes
20%
$420
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0