This property looks like a bad Long-Term investment with a projected -7.38% first-year return on $65,205 initial cash invested.
-7.38%
Cash On Cash
4.97%
Cap Rate
0.81
DSCR
$1,923
Rent
-$401
Cashflow
Cash Flow
$1,923 income − $2,324 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,205
Downpayment
20%
$62,100
Closing costs
1%
$3,105
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,923
Total Expenses
$2,324
Mortgage P&I
83%
$1,592
Property Taxes
5%
$93
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0