This property looks like a bad Long-Term investment with a projected -7.68% first-year return on $65,646 initial cash invested.
-7.68%
Cash On Cash
5.46%
Cap Rate
0.82
DSCR
$2,055
Rent
-$420
Cashflow
Cash Flow
$2,055 income − $2,475 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,646
Downpayment
20%
$62,520
Closing costs
1%
$3,126
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,055
Total Expenses
$2,475
Mortgage P&I
85%
$1,740
Property Taxes
3%
$69
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0