This property looks like a bad Long-Term investment with a projected -7.25% first-year return on $65,583 initial cash invested.
-7.25%
Cash On Cash
5.56%
Cap Rate
0.83
DSCR
$2,111
Rent
-$396
Cashflow
Cash Flow
$2,111 income − $2,507 expenses = $396 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,111
Total Expenses
$2,507
Mortgage P&I
82%
$1,737
Property Taxes
5%
$108
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0