This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $65,520 initial cash invested.
-15.11%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$2,133
Rent
-$825
Cashflow
Cash Flow
$2,133 income − $2,958 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,520
Downpayment
20%
$62,400
Closing costs
1%
$3,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,133
Total Expenses
$2,958
Mortgage P&I
79%
$1,688
Property Taxes
28%
$605
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0