This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $66,024 initial cash invested.
-6.8%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$2,582
Rent
-$374
Cashflow
Cash Flow
$2,582 income − $2,956 expenses = $374 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,024
Downpayment
20%
$62,880
Closing costs
1%
$3,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,582
Total Expenses
$2,956
Mortgage P&I
65%
$1,689
Property Taxes
19%
$498
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0