This property looks like a bad Long-Term investment with a projected -0.77% first-year return on $65,308 initial cash invested.
-0.77%
Cash On Cash
6.94%
Cap Rate
1.05
DSCR
$2,512
Rent
-$42
Cashflow
Cash Flow
$2,512 income − $2,554 expenses = $42 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,308
Downpayment
20%
$62,198
Closing costs
1%
$3,110
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,512
Total Expenses
$2,554
Mortgage P&I
68%
$1,715
Property Taxes
1%
$22
Home Insurance
4%
$109
HOA
2%
$54
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0