This property looks like a bad Long-Term investment with a projected -8.4% first-year return on $66,990 initial cash invested.
-8.4%
Cash On Cash
5.23%
Cap Rate
0.8
DSCR
$2,284
Rent
-$469
Cashflow
Cash Flow
$2,284 income − $2,753 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,284
Total Expenses
$2,753
Mortgage P&I
76%
$1,746
Property Taxes
13%
$302
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0