This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $66,591 initial cash invested.
-15.25%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$1,588
Rent
-$846
Cashflow
Cash Flow
$1,588 income − $2,434 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,591
Downpayment
20%
$63,420
Closing costs
1%
$3,171
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,588
Total Expenses
$2,434
Mortgage P&I
109%
$1,737
Property Taxes
9%
$141
Home Insurance
7%
$114
HOA
2%
$30
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0