This property looks like a bad Long-Term investment with a projected -13.5% first-year return on $65,331 initial cash invested.
-13.5%
Cash On Cash
3.87%
Cap Rate
0.6
DSCR
$1,500
Rent
-$735
Cashflow
Cash Flow
$1,500 income − $2,235 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,331
Downpayment
20%
$62,220
Closing costs
1%
$3,111
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,500
Total Expenses
$2,235
Mortgage P&I
111%
$1,664
Property Taxes
5%
$69
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0