This property looks like a bad Long-Term investment with a projected -12.29% first-year return on $65,625 initial cash invested.
-12.29%
Cash On Cash
4.21%
Cap Rate
0.66
DSCR
$2,081
Rent
-$672
Cashflow
Cash Flow
$2,081 income − $2,753 expenses = $672 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,625
Downpayment
20%
$62,500
Closing costs
1%
$3,125
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,081
Total Expenses
$2,753
Mortgage P&I
80%
$1,665
Property Taxes
21%
$437
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0