This property looks like a bad Long-Term investment with a projected -14.05% first-year return on $65,919 initial cash invested.
-14.05%
Cash On Cash
4.12%
Cap Rate
0.62
DSCR
$2,073
Rent
-$772
Cashflow
Cash Flow
$2,073 income − $2,845 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,919
Downpayment
20%
$62,780
Closing costs
1%
$3,139
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,073
Total Expenses
$2,845
Mortgage P&I
84%
$1,746
Property Taxes
22%
$446
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0