This property looks like a bad Long-Term investment with a projected -16.9% first-year return on $65,331 initial cash invested.
-16.9%
Cash On Cash
3.44%
Cap Rate
0.51
DSCR
$1,572
Rent
-$920
Cashflow
Cash Flow
$1,572 income − $2,492 expenses = $920 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,331
Downpayment
20%
$62,220
Closing costs
1%
$3,111
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,572
Total Expenses
$2,492
Mortgage P&I
110%
$1,733
Property Taxes
15%
$238
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0