This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $66,486 initial cash invested.
-12.13%
Cash On Cash
4.41%
Cap Rate
0.67
DSCR
$2,042
Rent
-$672
Cashflow
Cash Flow
$2,042 income − $2,714 expenses = $672 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,486
Downpayment
20%
$63,320
Closing costs
1%
$3,166
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,042
Total Expenses
$2,714
Mortgage P&I
85%
$1,734
Property Taxes
14%
$279
Home Insurance
6%
$115
HOA
3%
$55
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0