This property looks like a bad Long-Term investment with a projected -2.2% first-year return on $65,961 initial cash invested.
-2.2%
Cash On Cash
6.44%
Cap Rate
1
DSCR
$2,384
Rent
-$121
Cashflow
Cash Flow
$2,384 income − $2,505 expenses = $121 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,384
Total Expenses
$2,505
Mortgage P&I
71%
$1,688
Property Taxes
4%
$84
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0