This property looks like a bad Long-Term investment with a projected -1.25% first-year return on $65,541 initial cash invested.
-1.25%
Cash On Cash
6.56%
Cap Rate
1.04
DSCR
$2,534
Rent
-$68
Cashflow
Cash Flow
$2,534 income − $2,602 expenses = $68 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,541
Downpayment
20%
$62,420
Closing costs
1%
$3,121
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,534
Total Expenses
$2,602
Mortgage P&I
65%
$1,646
Property Taxes
7%
$185
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0