This property looks like a bad Long-Term investment with a projected -3.8% first-year return on $65,436 initial cash invested.
-3.8%
Cash On Cash
6.28%
Cap Rate
0.95
DSCR
$2,569
Rent
-$207
Cashflow
Cash Flow
$2,569 income − $2,776 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,436
Downpayment
20%
$62,320
Closing costs
1%
$3,116
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,569
Total Expenses
$2,776
Mortgage P&I
67%
$1,710
Property Taxes
11%
$289
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0