This property looks like a bad Long-Term investment with a projected -9.71% first-year return on $65,394 initial cash invested.
-9.71%
Cash On Cash
4.82%
Cap Rate
0.75
DSCR
$2,077
Rent
-$529
Cashflow
Cash Flow
$2,077 income − $2,606 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,394
Downpayment
20%
$62,280
Closing costs
1%
$3,114
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,077
Total Expenses
$2,606
Mortgage P&I
81%
$1,675
Property Taxes
14%
$285
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0