This property looks like a bad Long-Term investment with a projected -10.69% first-year return on $65,793 initial cash invested.
-10.69%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$2,088
Rent
-$586
Cashflow
Cash Flow
$2,088 income − $2,674 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,793
Downpayment
20%
$62,660
Closing costs
1%
$3,133
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,088
Total Expenses
$2,674
Mortgage P&I
82%
$1,715
Property Taxes
15%
$307
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0