This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $65,667 initial cash invested.
-8.21%
Cash On Cash
4.92%
Cap Rate
0.79
DSCR
$2,165
Rent
-$449
Cashflow
Cash Flow
$2,165 income − $2,614 expenses = $449 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,667
Downpayment
20%
$62,540
Closing costs
1%
$3,127
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,165
Total Expenses
$2,614
Mortgage P&I
75%
$1,624
Property Taxes
14%
$314
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0