This property looks like a bad Long-Term investment with a projected -6.08% first-year return on $65,898 initial cash invested.
-6.08%
Cash On Cash
5.76%
Cap Rate
0.87
DSCR
$2,202
Rent
-$334
Cashflow
Cash Flow
$2,202 income − $2,536 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,898
Downpayment
20%
$62,760
Closing costs
1%
$3,138
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,202
Total Expenses
$2,536
Mortgage P&I
79%
$1,729
Property Taxes
6%
$125
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0