This property looks like a bad Long-Term investment with a projected -12.71% first-year return on $65,688 initial cash invested.
-12.71%
Cash On Cash
4.48%
Cap Rate
0.66
DSCR
$1,789
Rent
-$696
Cashflow
Cash Flow
$1,789 income − $2,485 expenses = $696 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,688
Downpayment
20%
$62,560
Closing costs
1%
$3,128
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,789
Total Expenses
$2,485
Mortgage P&I
99%
$1,774
Property Taxes
8%
$137
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0