This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $66,024 initial cash invested.
-12.7%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$2,217
Rent
-$699
Cashflow
Cash Flow
$2,217 income − $2,916 expenses = $699 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,024
Downpayment
20%
$62,880
Closing costs
1%
$3,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,217
Total Expenses
$2,916
Mortgage P&I
77%
$1,701
Property Taxes
23%
$507
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0