This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $65,373 initial cash invested.
-11.29%
Cash On Cash
4.53%
Cap Rate
0.7
DSCR
$2,007
Rent
-$615
Cashflow
Cash Flow
$2,007 income − $2,622 expenses = $615 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,373
Downpayment
20%
$62,260
Closing costs
1%
$3,113
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,007
Total Expenses
$2,622
Mortgage P&I
84%
$1,690
Property Taxes
15%
$297
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0