This property looks like a bad Long-Term investment with a projected -6.16% first-year return on $65,814 initial cash invested.
-6.16%
Cash On Cash
5.81%
Cap Rate
0.88
DSCR
$2,575
Rent
-$338
Cashflow
Cash Flow
$2,575 income − $2,913 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,814
Downpayment
20%
$62,680
Closing costs
1%
$3,134
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,575
Total Expenses
$2,913
Mortgage P&I
67%
$1,726
Property Taxes
16%
$403
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0