This property looks like a bad Long-Term investment with a projected -1.39% first-year return on $65,835 initial cash invested.
-1.39%
Cash On Cash
6.39%
Cap Rate
1.03
DSCR
$2,602
Rent
-$76
Cashflow
Cash Flow
$2,602 income − $2,678 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,602
Total Expenses
$2,678
Mortgage P&I
62%
$1,616
Property Taxes
12%
$320
Home Insurance
3%
$66
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0