This property looks like a bad Long-Term investment with a projected -6.64% first-year return on $65,919 initial cash invested.
-6.64%
Cash On Cash
5.72%
Cap Rate
0.86
DSCR
$2,276
Rent
-$365
Cashflow
Cash Flow
$2,276 income − $2,641 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,919
Downpayment
20%
$62,780
Closing costs
1%
$3,139
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,276
Total Expenses
$2,641
Mortgage P&I
77%
$1,748
Property Taxes
9%
$195
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0