This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $65,961 initial cash invested.
-11.73%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$2,047
Rent
-$645
Cashflow
Cash Flow
$2,047 income − $2,692 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,961
Downpayment
20%
$62,820
Closing costs
1%
$3,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,047
Total Expenses
$2,692
Mortgage P&I
84%
$1,722
Property Taxes
16%
$328
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0