This property looks like a bad Long-Term investment with a projected -3.11% first-year return on $65,982 initial cash invested.
-3.11%
Cash On Cash
6.31%
Cap Rate
0.98
DSCR
$2,882
Rent
-$171
Cashflow
Cash Flow
$2,882 income − $3,053 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,982
Downpayment
20%
$62,840
Closing costs
1%
$3,142
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,882
Total Expenses
$3,053
Mortgage P&I
58%
$1,679
Property Taxes
17%
$504
Home Insurance
4%
$121
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0