This property looks like a bad Long-Term investment with a projected -11% first-year return on $66,990 initial cash invested.
-11%
Cash On Cash
4.61%
Cap Rate
0.71
DSCR
$2,130
Rent
-$614
Cashflow
Cash Flow
$2,130 income − $2,744 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,130
Total Expenses
$2,744
Mortgage P&I
81%
$1,733
Property Taxes
12%
$262
Home Insurance
5%
$112
HOA
4%
$84
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0