This property looks like a bad Long-Term investment with a projected -9.47% first-year return on $66,003 initial cash invested.
-9.47%
Cash On Cash
4.95%
Cap Rate
0.76
DSCR
$2,193
Rent
-$521
Cashflow
Cash Flow
$2,193 income − $2,714 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,003
Downpayment
20%
$62,860
Closing costs
1%
$3,143
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,193
Total Expenses
$2,714
Mortgage P&I
78%
$1,708
Property Taxes
15%
$323
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0