This property looks like a bad Long-Term investment with a projected -8.54% first-year return on $66,570 initial cash invested.
-8.54%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$2,438
Rent
-$474
Cashflow
Cash Flow
$2,438 income − $2,912 expenses = $474 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,570
Downpayment
20%
$63,400
Closing costs
1%
$3,170
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,438
Total Expenses
$2,912
Mortgage P&I
71%
$1,741
Property Taxes
17%
$407
Home Insurance
5%
$112
HOA
1%
$18
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0