This property looks like a bad Long-Term investment with a projected -14.53% first-year return on $66,003 initial cash invested.
-14.53%
Cash On Cash
3.96%
Cap Rate
0.59
DSCR
$1,789
Rent
-$799
Cashflow
Cash Flow
$1,789 income − $2,588 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,003
Downpayment
20%
$62,860
Closing costs
1%
$3,143
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,789
Total Expenses
$2,588
Mortgage P&I
98%
$1,747
Property Taxes
10%
$182
Home Insurance
6%
$110
HOA
5%
$85
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0