This property looks like a bad Long-Term investment with a projected -0.24% first-year return on $66,255 initial cash invested.
-0.24%
Cash On Cash
6.83%
Cap Rate
1.07
DSCR
$2,621
Rent
-$13
Cashflow
Cash Flow
$2,621 income − $2,634 expenses = $13 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,255
Downpayment
20%
$63,100
Closing costs
1%
$3,155
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,621
Total Expenses
$2,634
Mortgage P&I
64%
$1,679
Property Taxes
6%
$160
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0