This property looks like a bad Long-Term investment with a projected -8.91% first-year return on $65,436 initial cash invested.
-8.91%
Cash On Cash
5.31%
Cap Rate
0.79
DSCR
$2,279
Rent
-$486
Cashflow
Cash Flow
$2,279 income − $2,765 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,436
Downpayment
20%
$62,320
Closing costs
1%
$3,116
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,279
Total Expenses
$2,765
Mortgage P&I
77%
$1,751
Property Taxes
14%
$313
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0