This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $65,520 initial cash invested.
-8.21%
Cash On Cash
5.12%
Cap Rate
0.8
DSCR
$2,397
Rent
-$448
Cashflow
Cash Flow
$2,397 income − $2,845 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,520
Downpayment
20%
$62,400
Closing costs
1%
$3,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,397
Total Expenses
$2,845
Mortgage P&I
69%
$1,660
Property Taxes
19%
$452
Home Insurance
5%
$109
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0