This property looks like a bad Long-Term investment with a projected -9.33% first-year return on $66,402 initial cash invested.
-9.33%
Cash On Cash
5.28%
Cap Rate
0.78
DSCR
$2,595
Rent
-$516
Cashflow
Cash Flow
$2,595 income − $3,111 expenses = $516 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,402
Downpayment
20%
$63,240
Closing costs
1%
$3,162
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,595
Total Expenses
$3,111
Mortgage P&I
68%
$1,777
Property Taxes
21%
$546
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0