This property looks like a bad Long-Term investment with a projected -11.06% first-year return on $65,226 initial cash invested.
-11.06%
Cash On Cash
4.63%
Cap Rate
0.71
DSCR
$2,329
Rent
-$601
Cashflow
Cash Flow
$2,329 income − $2,930 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,226
Downpayment
20%
$62,120
Closing costs
1%
$3,106
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,329
Total Expenses
$2,930
Mortgage P&I
72%
$1,683
Property Taxes
23%
$534
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0