This property looks like a bad Long-Term investment with a projected -11.2% first-year return on $65,268 initial cash invested.
-11.2%
Cash On Cash
4.59%
Cap Rate
0.71
DSCR
$2,320
Rent
-$609
Cashflow
Cash Flow
$2,320 income − $2,929 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,268
Downpayment
20%
$62,160
Closing costs
1%
$3,108
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,320
Total Expenses
$2,929
Mortgage P&I
73%
$1,682
Property Taxes
21%
$479
Home Insurance
5%
$110
HOA
2%
$55
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0