This property looks like a bad Long-Term investment with a projected -7.57% first-year return on $65,667 initial cash invested.
-7.57%
Cash On Cash
4.95%
Cap Rate
0.81
DSCR
$2,042
Rent
-$414
Cashflow
Cash Flow
$2,042 income − $2,456 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,667
Downpayment
20%
$62,540
Closing costs
1%
$3,127
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,042
Total Expenses
$2,456
Mortgage P&I
78%
$1,602
Property Taxes
10%
$201
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0