This property looks like a bad Long-Term investment with a projected -11.54% first-year return on $66,990 initial cash invested.
-11.54%
Cash On Cash
4.07%
Cap Rate
0.66
DSCR
$1,946
Rent
-$644
Cashflow
Cash Flow
$1,946 income − $2,590 expenses = $644 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,946
Total Expenses
$2,590
Mortgage P&I
84%
$1,630
Property Taxes
19%
$362
Home Insurance
5%
$92
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0