This property looks like a bad Long-Term investment with a projected -9.64% first-year return on $65,961 initial cash invested.
-9.64%
Cash On Cash
4.87%
Cap Rate
0.75
DSCR
$2,262
Rent
-$530
Cashflow
Cash Flow
$2,262 income − $2,792 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,961
Downpayment
20%
$62,820
Closing costs
1%
$3,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,262
Total Expenses
$2,792
Mortgage P&I
75%
$1,693
Property Taxes
19%
$432
Home Insurance
3%
$79
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0