This property looks like a bad Long-Term investment with a projected -8.19% first-year return on $66,990 initial cash invested.
-8.19%
Cash On Cash
5.29%
Cap Rate
0.8
DSCR
$2,060
Rent
-$457
Cashflow
Cash Flow
$2,060 income − $2,517 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,060
Total Expenses
$2,517
Mortgage P&I
85%
$1,759
Property Taxes
5%
$110
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0