This property looks like a bad Long-Term investment with a projected -0.96% first-year return on $65,310 initial cash invested.
-0.96%
Cash On Cash
6.87%
Cap Rate
1.06
DSCR
$2,927
Rent
-$52
Cashflow
Cash Flow
$2,927 income − $2,979 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,310
Downpayment
20%
$62,200
Closing costs
1%
$3,110
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,927
Total Expenses
$2,979
Mortgage P&I
58%
$1,687
Property Taxes
14%
$417
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0