This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $65,940 initial cash invested.
-16.16%
Cash On Cash
3.31%
Cap Rate
0.52
DSCR
$1,801
Rent
-$888
Cashflow
Cash Flow
$1,801 income − $2,689 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,801
Total Expenses
$2,689
Mortgage P&I
92%
$1,665
Property Taxes
25%
$446
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0