This property looks like a bad Long-Term investment with a projected -0.82% first-year return on $65,919 initial cash invested.
-0.82%
Cash On Cash
6.55%
Cap Rate
1.05
DSCR
$2,577
Rent
-$45
Cashflow
Cash Flow
$2,577 income − $2,622 expenses = $45 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,919
Downpayment
20%
$62,780
Closing costs
1%
$3,139
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,577
Total Expenses
$2,622
Mortgage P&I
63%
$1,630
Property Taxes
8%
$207
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0