This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $66,423 initial cash invested.
-8.78%
Cash On Cash
5.02%
Cap Rate
0.78
DSCR
$2,165
Rent
-$486
Cashflow
Cash Flow
$2,165 income − $2,651 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,423
Downpayment
20%
$63,260
Closing costs
1%
$3,163
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,165
Total Expenses
$2,651
Mortgage P&I
79%
$1,700
Property Taxes
13%
$277
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0