This property looks like a bad Long-Term investment with a projected -12.64% first-year return on $65,877 initial cash invested.
-12.64%
Cash On Cash
3.83%
Cap Rate
0.62
DSCR
$1,779
Rent
-$694
Cashflow
Cash Flow
$1,779 income − $2,473 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,877
Downpayment
20%
$62,740
Closing costs
1%
$3,137
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,779
Total Expenses
$2,473
Mortgage P&I
90%
$1,605
Property Taxes
17%
$295
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0