This property looks like a bad Long-Term investment with a projected -11.76% first-year return on $66,612 initial cash invested.
-11.76%
Cash On Cash
4.11%
Cap Rate
0.66
DSCR
$2,073
Rent
-$653
Cashflow
Cash Flow
$2,073 income − $2,726 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,612
Downpayment
20%
$63,440
Closing costs
1%
$3,172
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,073
Total Expenses
$2,726
Mortgage P&I
79%
$1,635
Property Taxes
21%
$430
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0