This property looks like a bad Long-Term investment with a projected -8.32% first-year return on $65,604 initial cash invested.
-8.32%
Cash On Cash
5.17%
Cap Rate
0.8
DSCR
$2,480
Rent
-$455
Cashflow
Cash Flow
$2,480 income − $2,935 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,604
Downpayment
20%
$62,480
Closing costs
1%
$3,124
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,480
Total Expenses
$2,935
Mortgage P&I
68%
$1,677
Property Taxes
20%
$503
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0