This property looks like a bad Long-Term investment with a projected -8.79% first-year return on $65,940 initial cash invested.
-8.79%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$2,324
Rent
-$483
Cashflow
Cash Flow
$2,324 income − $2,807 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,940
Downpayment
20%
$62,800
Closing costs
1%
$3,140
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,324
Total Expenses
$2,807
Mortgage P&I
74%
$1,715
Property Taxes
16%
$370
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0