This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $66,003 initial cash invested.
-10.24%
Cash On Cash
5%
Cap Rate
0.74
DSCR
$1,930
Rent
-$563
Cashflow
Cash Flow
$1,930 income − $2,493 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,003
Downpayment
20%
$62,860
Closing costs
1%
$3,143
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,930
Total Expenses
$2,493
Mortgage P&I
92%
$1,776
Property Taxes
6%
$114
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0