This property looks like a bad Long-Term investment with a projected -14.14% first-year return on $66,024 initial cash invested.
-14.14%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$1,763
Rent
-$778
Cashflow
Cash Flow
$1,763 income − $2,541 expenses = $778 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,763
Total Expenses
$2,541
Mortgage P&I
97%
$1,708
Property Taxes
15%
$261
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0