This property looks like a bad Long-Term investment with a projected -19.53% first-year return on $65,247 initial cash invested.
-19.53%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$1,661
Rent
-$1,062
Cashflow
Cash Flow
$1,661 income − $2,723 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,247
Downpayment
20%
$62,140
Closing costs
1%
$3,107
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,661
Total Expenses
$2,723
Mortgage P&I
102%
$1,699
Property Taxes
29%
$482
Home Insurance
7%
$110
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0