This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $66,381 initial cash invested.
-6.8%
Cash On Cash
5.48%
Cap Rate
0.85
DSCR
$2,439
Rent
-$376
Cashflow
Cash Flow
$2,439 income − $2,815 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,381
Downpayment
20%
$63,220
Closing costs
1%
$3,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,439
Total Expenses
$2,815
Mortgage P&I
70%
$1,698
Property Taxes
15%
$368
Home Insurance
5%
$115
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0