This property looks like a bad Long-Term investment with a projected -11.56% first-year return on $65,709 initial cash invested.
-11.56%
Cash On Cash
4.65%
Cap Rate
0.7
DSCR
$2,174
Rent
-$633
Cashflow
Cash Flow
$2,174 income − $2,807 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,709
Downpayment
20%
$62,580
Closing costs
1%
$3,129
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,174
Total Expenses
$2,807
Mortgage P&I
80%
$1,737
Property Taxes
18%
$397
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0