This property looks like a bad Long-Term investment with a projected -12.5% first-year return on $65,751 initial cash invested.
-12.5%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$1,909
Rent
-$685
Cashflow
Cash Flow
$1,909 income − $2,594 expenses = $685 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,751
Downpayment
20%
$62,620
Closing costs
1%
$3,131
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,909
Total Expenses
$2,594
Mortgage P&I
90%
$1,715
Property Taxes
14%
$271
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$115
Maintenance
5%
$95
Other
0%
$0