This property looks like a bad Long-Term investment with a projected -10.6% first-year return on $65,415 initial cash invested.
-10.6%
Cash On Cash
4.62%
Cap Rate
0.72
DSCR
$2,376
Rent
-$578
Cashflow
Cash Flow
$2,376 income − $2,954 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,415
Downpayment
20%
$62,300
Closing costs
1%
$3,115
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,376
Total Expenses
$2,954
Mortgage P&I
70%
$1,657
Property Taxes
17%
$397
Home Insurance
5%
$116
HOA
7%
$165
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0