This property looks like a bad Long-Term investment with a projected -3.79% first-year return on $65,268 initial cash invested.
-3.79%
Cash On Cash
5.86%
Cap Rate
0.96
DSCR
$2,767
Rent
-$206
Cashflow
Cash Flow
$2,767 income − $2,973 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,268
Downpayment
20%
$62,160
Closing costs
1%
$3,108
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,767
Total Expenses
$2,973
Mortgage P&I
57%
$1,586
Property Taxes
20%
$558
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0