This property looks like a bad Long-Term investment with a projected -12.03% first-year return on $65,835 initial cash invested.
-12.03%
Cash On Cash
4.48%
Cap Rate
0.67
DSCR
$1,757
Rent
-$660
Cashflow
Cash Flow
$1,757 income − $2,417 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,835
Downpayment
20%
$62,700
Closing costs
1%
$3,135
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,757
Total Expenses
$2,417
Mortgage P&I
99%
$1,742
Property Taxes
6%
$106
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0