This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $66,948 initial cash invested.
-14.97%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$1,968
Rent
-$835
Cashflow
Cash Flow
$1,968 income − $2,803 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,948
Downpayment
20%
$63,760
Closing costs
1%
$3,188
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,968
Total Expenses
$2,803
Mortgage P&I
88%
$1,735
Property Taxes
23%
$443
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0