This property looks like a bad Long-Term investment with a projected -7.52% first-year return on $66,024 initial cash invested.
-7.52%
Cash On Cash
4.94%
Cap Rate
0.81
DSCR
$2,069
Rent
-$414
Cashflow
Cash Flow
$2,069 income − $2,483 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,024
Downpayment
20%
$62,880
Closing costs
1%
$3,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,069
Total Expenses
$2,483
Mortgage P&I
78%
$1,604
Property Taxes
11%
$230
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0