This property looks like a bad Long-Term investment with a projected -11.62% first-year return on $66,927 initial cash invested.
-11.62%
Cash On Cash
4.54%
Cap Rate
0.69
DSCR
$2,181
Rent
-$648
Cashflow
Cash Flow
$2,181 income − $2,829 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,927
Downpayment
20%
$63,740
Closing costs
1%
$3,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,181
Total Expenses
$2,829
Mortgage P&I
80%
$1,746
Property Taxes
18%
$390
Home Insurance
5%
$114
HOA
1%
$12
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0