This property looks like a bad Long-Term investment with a projected -5.01% first-year return on $66,381 initial cash invested.
-5.01%
Cash On Cash
6.07%
Cap Rate
0.91
DSCR
$2,207
Rent
-$277
Cashflow
Cash Flow
$2,207 income − $2,484 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,381
Downpayment
20%
$63,220
Closing costs
1%
$3,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,207
Total Expenses
$2,484
Mortgage P&I
80%
$1,767
Property Taxes
0%
$10
Home Insurance
5%
$111
HOA
1%
$23
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0