This property looks like a bad Long-Term investment with a projected -10.54% first-year return on $66,276 initial cash invested.
-10.54%
Cash On Cash
5.09%
Cap Rate
0.74
DSCR
$2,020
Rent
-$582
Cashflow
Cash Flow
$2,020 income − $2,602 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,276
Downpayment
20%
$63,120
Closing costs
1%
$3,156
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,020
Total Expenses
$2,602
Mortgage P&I
90%
$1,819
Property Taxes
7%
$146
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0