This property looks like a bad Long-Term investment with a projected -4.07% first-year return on $66,360 initial cash invested.
-4.07%
Cash On Cash
5.98%
Cap Rate
0.93
DSCR
$2,193
Rent
-$225
Cashflow
Cash Flow
$2,193 income − $2,418 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,360
Downpayment
20%
$63,200
Closing costs
1%
$3,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,193
Total Expenses
$2,418
Mortgage P&I
77%
$1,690
Property Taxes
2%
$46
Home Insurance
5%
$111
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0