This property looks like a bad Long-Term investment with a projected -15.96% first-year return on $65,478 initial cash invested.
-15.96%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$1,466
Rent
-$871
Cashflow
Cash Flow
$1,466 income − $2,337 expenses = $871 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,478
Downpayment
20%
$62,360
Closing costs
1%
$3,118
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,466
Total Expenses
$2,337
Mortgage P&I
120%
$1,754
Property Taxes
6%
$82
Home Insurance
8%
$110
HOA
1%
$10
Property Management
10%
$147
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0