This property looks like a bad Long-Term investment with a projected -3.19% first-year return on $65,751 initial cash invested.
-3.19%
Cash On Cash
5.99%
Cap Rate
0.97
DSCR
$2,426
Rent
-$175
Cashflow
Cash Flow
$2,426 income − $2,601 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,751
Downpayment
20%
$62,620
Closing costs
1%
$3,131
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,426
Total Expenses
$2,601
Mortgage P&I
67%
$1,616
Property Taxes
10%
$238
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0