This property looks like a bad Long-Term investment with a projected -10.56% first-year return on $65,583 initial cash invested.
-10.56%
Cash On Cash
4.55%
Cap Rate
0.72
DSCR
$2,293
Rent
-$577
Cashflow
Cash Flow
$2,293 income − $2,870 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,583
Downpayment
20%
$62,460
Closing costs
1%
$3,123
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,293
Total Expenses
$2,870
Mortgage P&I
72%
$1,645
Property Taxes
23%
$516
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0