This property looks like a bad Long-Term investment with a projected -7.89% first-year return on $66,003 initial cash invested.
-7.89%
Cash On Cash
5.29%
Cap Rate
0.81
DSCR
$2,274
Rent
-$434
Cashflow
Cash Flow
$2,274 income − $2,708 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,274
Total Expenses
$2,708
Mortgage P&I
75%
$1,706
Property Taxes
13%
$300
Home Insurance
5%
$111
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0