This property looks like a bad Long-Term investment with a projected -7.23% first-year return on $65,373 initial cash invested.
-7.23%
Cash On Cash
5.03%
Cap Rate
0.82
DSCR
$2,107
Rent
-$394
Cashflow
Cash Flow
$2,107 income − $2,501 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,373
Downpayment
20%
$62,260
Closing costs
1%
$3,113
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,107
Total Expenses
$2,501
Mortgage P&I
76%
$1,593
Property Taxes
11%
$230
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0