This property looks like a bad Long-Term investment with a projected -10.04% first-year return on $65,856 initial cash invested.
-10.04%
Cash On Cash
4.64%
Cap Rate
0.73
DSCR
$2,158
Rent
-$551
Cashflow
Cash Flow
$2,158 income − $2,709 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,856
Downpayment
20%
$62,720
Closing costs
1%
$3,136
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,158
Total Expenses
$2,709
Mortgage P&I
77%
$1,656
Property Taxes
18%
$382
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0