This property looks like a bad Long-Term investment with a projected -10.22% first-year return on $65,730 initial cash invested.
-10.22%
Cash On Cash
4.86%
Cap Rate
0.73
DSCR
$1,959
Rent
-$560
Cashflow
Cash Flow
$1,959 income − $2,519 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,730
Downpayment
20%
$62,600
Closing costs
1%
$3,130
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,959
Total Expenses
$2,519
Mortgage P&I
88%
$1,729
Property Taxes
7%
$145
Home Insurance
6%
$110
HOA
1%
$25
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0