This property looks like a bad Long-Term investment with a projected -10.8% first-year return on $65,751 initial cash invested.
-10.8%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$2,188
Rent
-$592
Cashflow
Cash Flow
$2,188 income − $2,780 expenses = $592 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
$2,188
Total Expenses
$2,780
Mortgage P&I
78%
$1,715
Property Taxes
17%
$382
Home Insurance
5%
$115
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0