This property looks like a bad Long-Term investment with a projected -15.69% first-year return on $65,562 initial cash invested.
-15.69%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$1,625
Rent
-$857
Cashflow
Cash Flow
$1,625 income − $2,482 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,562
Downpayment
20%
$62,440
Closing costs
1%
$3,122
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,625
Total Expenses
$2,482
Mortgage P&I
102%
$1,661
Property Taxes
17%
$269
Home Insurance
8%
$130
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0