This property looks like a bad Long-Term investment with a projected -14.99% first-year return on $66,990 initial cash invested.
-14.99%
Cash On Cash
3.34%
Cap Rate
0.54
DSCR
$1,765
Rent
-$837
Cashflow
Cash Flow
$1,765 income − $2,602 expenses = $837 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,765
Total Expenses
$2,602
Mortgage P&I
93%
$1,636
Property Taxes
22%
$396
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0