This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $66,969 initial cash invested.
-11.67%
Cash On Cash
4.61%
Cap Rate
0.7
DSCR
$2,357
Rent
-$651
Cashflow
Cash Flow
$2,357 income − $3,008 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,969
Downpayment
20%
$63,780
Closing costs
1%
$3,189
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,357
Total Expenses
$3,008
Mortgage P&I
75%
$1,758
Property Taxes
22%
$525
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0