This property looks like a bad Long-Term investment with a projected -7.88% first-year return on $65,940 initial cash invested.
-7.88%
Cash On Cash
5.27%
Cap Rate
0.81
DSCR
$2,215
Rent
-$433
Cashflow
Cash Flow
$2,215 income − $2,648 expenses = $433 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,215
Total Expenses
$2,648
Mortgage P&I
77%
$1,701
Property Taxes
12%
$256
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0