This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $65,814 initial cash invested.
-8.15%
Cash On Cash
5.18%
Cap Rate
0.8
DSCR
$2,154
Rent
-$447
Cashflow
Cash Flow
$2,154 income − $2,601 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,814
Downpayment
20%
$62,680
Closing costs
1%
$3,134
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,154
Total Expenses
$2,601
Mortgage P&I
79%
$1,691
Property Taxes
11%
$234
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0