This property looks like a bad Long-Term investment with a projected -10.88% first-year return on $65,604 initial cash invested.
-10.88%
Cash On Cash
4.49%
Cap Rate
0.7
DSCR
$1,947
Rent
-$595
Cashflow
Cash Flow
$1,947 income − $2,542 expenses = $595 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,604
Downpayment
20%
$62,480
Closing costs
1%
$3,124
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,947
Total Expenses
$2,542
Mortgage P&I
86%
$1,668
Property Taxes
13%
$256
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0