This property looks like a bad Long-Term investment with a projected -9.56% first-year return on $66,276 initial cash invested.
-9.56%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$2,324
Rent
-$528
Cashflow
Cash Flow
$2,324 income − $2,852 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,276
Downpayment
20%
$63,120
Closing costs
1%
$3,156
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,324
Total Expenses
$2,852
Mortgage P&I
74%
$1,726
Property Taxes
18%
$413
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0