This property looks like a bad Long-Term investment with a projected -10.78% first-year return on $65,667 initial cash invested.
-10.78%
Cash On Cash
4.54%
Cap Rate
0.71
DSCR
$2,056
Rent
-$590
Cashflow
Cash Flow
$2,056 income − $2,646 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,667
Downpayment
20%
$62,540
Closing costs
1%
$3,127
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,056
Total Expenses
$2,646
Mortgage P&I
81%
$1,671
Property Taxes
16%
$326
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0