This property looks like a bad Long-Term investment with a projected -7.12% first-year return on $66,276 initial cash invested.
-7.12%
Cash On Cash
4.96%
Cap Rate
0.82
DSCR
$1,968
Rent
-$393
Cashflow
Cash Flow
$1,968 income − $2,361 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,276
Downpayment
20%
$63,120
Closing costs
1%
$3,156
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,968
Total Expenses
$2,361
Mortgage P&I
81%
$1,600
Property Taxes
7%
$136
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0