This property looks like a bad Long-Term investment with a projected -15.91% first-year return on $66,003 initial cash invested.
-15.91%
Cash On Cash
3.2%
Cap Rate
0.51
DSCR
$1,581
Rent
-$875
Cashflow
Cash Flow
$1,581 income − $2,456 expenses = $875 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,003
Downpayment
20%
$62,860
Closing costs
1%
$3,143
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,581
Total Expenses
$2,456
Mortgage P&I
103%
$1,633
Property Taxes
19%
$298
Home Insurance
7%
$114
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0