This property looks like a bad Long-Term investment with a projected -11.01% first-year return on $66,024 initial cash invested.
-11.01%
Cash On Cash
4.32%
Cap Rate
0.69
DSCR
$1,893
Rent
-$606
Cashflow
Cash Flow
$1,893 income − $2,499 expenses = $606 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,024
Downpayment
20%
$62,880
Closing costs
1%
$3,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,893
Total Expenses
$2,499
Mortgage P&I
87%
$1,642
Property Taxes
13%
$252
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0