This property looks like a bad Long-Term investment with a projected -3.02% first-year return on $66,360 initial cash invested.
-3.02%
Cash On Cash
6.16%
Cap Rate
0.98
DSCR
$2,809
Rent
-$167
Cashflow
Cash Flow
$2,809 income − $2,976 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,360
Downpayment
20%
$63,200
Closing costs
1%
$3,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,809
Total Expenses
$2,976
Mortgage P&I
59%
$1,650
Property Taxes
17%
$484
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0