This property looks like a bad Long-Term investment with a projected -8.22% first-year return on $66,255 initial cash invested.
-8.22%
Cash On Cash
5.1%
Cap Rate
0.8
DSCR
$2,335
Rent
-$454
Cashflow
Cash Flow
$2,335 income − $2,789 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,255
Downpayment
20%
$63,100
Closing costs
1%
$3,155
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,335
Total Expenses
$2,789
Mortgage P&I
72%
$1,679
Property Taxes
3%
$61
Home Insurance
5%
$114
HOA
14%
$327
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0