This property looks like a bad Long-Term investment with a projected -12.55% first-year return on $66,339 initial cash invested.
-12.55%
Cash On Cash
3.95%
Cap Rate
0.63
DSCR
$1,609
Rent
-$694
Cashflow
Cash Flow
$1,609 income − $2,303 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,339
Downpayment
20%
$63,180
Closing costs
1%
$3,159
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,609
Total Expenses
$2,303
Mortgage P&I
103%
$1,655
Property Taxes
7%
$116
Home Insurance
7%
$114
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0