This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $65,499 initial cash invested.
-11.95%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$1,948
Rent
-$652
Cashflow
Cash Flow
$1,948 income − $2,600 expenses = $652 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,499
Downpayment
20%
$62,380
Closing costs
1%
$3,119
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,948
Total Expenses
$2,600
Mortgage P&I
87%
$1,697
Property Taxes
15%
$284
Home Insurance
6%
$113
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0