This property looks like a bad Long-Term investment with a projected -7.85% first-year return on $65,919 initial cash invested.
-7.85%
Cash On Cash
4.86%
Cap Rate
0.79
DSCR
$1,856
Rent
-$431
Cashflow
Cash Flow
$1,856 income − $2,287 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,919
Downpayment
20%
$62,780
Closing costs
1%
$3,139
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,856
Total Expenses
$2,287
Mortgage P&I
87%
$1,608
Property Taxes
5%
$86
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0