This property looks like a bad Long-Term investment with a projected -16.4% first-year return on $65,940 initial cash invested.
-16.4%
Cash On Cash
3.53%
Cap Rate
0.53
DSCR
$1,501
Rent
-$901
Cashflow
Cash Flow
$1,501 income − $2,402 expenses = $901 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,940
Downpayment
20%
$62,800
Closing costs
1%
$3,140
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,501
Total Expenses
$2,402
Mortgage P&I
117%
$1,749
Property Taxes
10%
$153
Home Insurance
7%
$110
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0