This property looks like a bad Long-Term investment with a projected -17.92% first-year return on $66,570 initial cash invested.
-17.92%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$1,229
Rent
-$994
Cashflow
Cash Flow
$1,229 income − $2,223 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,229
Total Expenses
$2,223
Mortgage P&I
140%
$1,726
Property Taxes
5%
$67
Home Insurance
9%
$111
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0